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The official even offers started “most first” talks with UTIMCO to talk about the possibility of moving the brand new gold to Texas, considering Tom Smelker, the brand new administrator of one’s state depository. Three-years later on, however, the outlook of UTIMCO swinging the silver so you can Tx seems secluded. UTIMCO authorities state the new Texas depository would need to be a member of your own Chicago Mercantile Exchange’s COMEX platform, in which gold futures contracts are traded, for move into move ahead. Whenever Abbott signed the newest silver depository statement to your law in the June 2015, he proclaimed that opening away from a state-focus on business would allow Tx in order to “repatriate” the new nonprofit’s gold also provide. The brand new enough time way to the fresh depository’s starting began in the 2013, whenever county Rep. Giovanni Capriglione, R-Southlake, advised an expenses to determine the state’s bullion depository, attracting the help out of up coming-Gov.
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