| |

Texas allow gold and silver as legal tender

ByVictoria

Texans are to be allowed to pay with with gold and silver for everyday transactions after Governor Greg Abbott signed House Bill 1056 into law. The law, which was championed by Republican state representative Mark Dorazio, designates the precious metals as legal tender in the state.

Texans will be able to use their gold and silver holdings, stored in the state’s bullion depository, for payments through electronic systems such as mobile apps or debit cards.

The provision comes after legislative debate, and takes effect on May 1, 2027, enabling transactions based on the state comptroller’s valuation of the metals at the time of sale.

Source – Newsweek

Legal Tender – officially recognized money

Similar Posts

  • /

    Zambia allows geologists to explore copper deposits

    ByVictoria
    0 Comments

    India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition.

    The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt – a key component in batteries for electric vehicles and mobile phones – as well as for scouting copper, which is widely used in power generation, electronics, and construction.

    The exploration project will last for three years and most of the analysis will be done in laboratories in India, one of the sources said.

    Source – Reuters

  • /

    2025 Roosevelt silver will have differences

    ByVictoria
    0 Comments

    While the Theodore Roosevelt Presidential silver medal to be issued sometime this summer by the United States Mint will bear the same obverse and reverse designs as used for a silver medal included in the 2013 Theodore Roosevelt Coin & Chronicles Set, the new issue will have distinct differences.

    The obverse design is the same executed by Chief Engraver Charles E. Barber for the Mint’s 1905 Presidential medal from his second term, with the reverse design by Assistant Mint Engraver George T. Morgan.

    Source – Coin World

  • / / /

    Gold, Silver, Platinum Forecasts

    ByVictoria
    0 Comments

    Gold

    Gold made an attempt to settle below the support at $2870 – $2880 but lost momentum and climbed back above the $2900 level.

    Silver

    Silver rallied above the $32.00 level as gold/silver ratio pulled back below the psychologically important 90 level.

    Platinum

    Platinum is trying to settle above the resistance at $1025 – $1030 as demand for precious metals stays strong.

    Source – FXEMPIRE

  • Mining in Peru suspended

    ByVictoria
    0 Comments

    Mining in Peru’s northern district of Pataz will be suspended for 30 days, President Dina Boluarte said on Monday, after 13 gold mine workers in the area were kidnapped and killed by illegal miners.

    On Sunday, miner Poderosa said the bodies of 13 workers from a local firm, R&R, which held a mining contract with Poderosa, had been recovered by police after they were kidnapped last month.

    “The armed forces will take control of the area where Poderosa operates,” Boluarte said, but did not provide details on how the mining pause would work.

    Peru is the world’s third-largest copper producer, but the deposits of the red metal are largely in the south. Gold and silver are mined in the north.

    Jorge Montoro, said the 30-day pause could be extended.

    Source – Reuters

  • President Trump posting less on market

    ByVictoria
    0 Comments

    The bank’s analysts found that only 10% of the 126 posts Trump had published this time around on sensitive topics such as trade tariffs, foreign relations and economics had caused clear currency market moves.

    “Among the different topics, the posts on tariffs have been the biggest market movers,” JPMorgan’s note published on Monday said, adding that closer to a third of those ones had been market moving.

    Source – KITCO News / Reuters