Texas taps private vendor to run first state-run gold depository in U.S.

Two years after Gov. Greg Abbott announced Texas would build the country’s first state-run gold depository, the project took a major step forward Wednesday. Comptroller Glenn Hegar announced at a press conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository. “The Texas Bullion Depository will offer Texas safe, fully-insured storage of precious metals providing an alternative to the depositories largely located in and around New York City,” Hegar said.Via Texas Tribune

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Source: Community Impact- Round Rock