Texas Bullion Depository

The Texas Bullion Depository is the first state-administered bullion depository to be established in the United States. The Texas Bullion Depository will eliminate the need for out-of-state storage, as well as give Texas the opportunity to become a “commodities hub for the continent,” according to Rep. Giovanni Capriglione, R-Southlake. The Texas Bullion Depository services will be made available to all U.S. citizens and businesses, plus international clients and sovereign nations, and will provide a safe storage facility for bullion. Administered by the office of the Texas Comptroller of Public Accounts, the Texas Bullion Depository is operated by Lone Star Tangible Assets of Austin, Texas.

Texas Governor Greg Abbott signed the Texas Bullion Depository Bill, HB 483, on June 19, 2015. Rep. Giovanni Capriglione, R-Southlake, originally filed the bill on December 10, 2014. The bill was co-authored by 31 other colleagues and sponsored by Sen. Lois Kolkhorst, R-Brenham. In 2013 Capriglione announced his interest in creating the depository and was subsequently contacted by people around the world interested in storing their gold in a Texas depository. Capriglione was able to draw support for the depository by requiring that it be run by the private sector with no costs to taxpayers. The bullion depository will hold precious metals deposits owned by multiple entities: individuals, businesses, financial institutions and even foreign countries.

On June 12, 2017, the Texas Comptroller announced Tom Smelker, directory of Treasury Operations for the State of Texas, as administrator of the Texas Bullion Depository.

On June 14, 2017, Lone Star Tangible Assets (LSTA) was named as the operator of the Texas Bullion Depository. LSTA is the parent company of the United States Gold Bureau and Wholesale Coins Direct, which offer precious metals investment education, dealer services and secure storage to investors across the country and around the globe.

On Nov. 3, 2017, the Texas Comptroller announced the bullion depository would be located in Leander, Texas, with construction on a multi-acre site to begin in early 2018.

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