Kitco NEWS EXCLUSIVE: Texas Launches Gold Coins: More Than Just Commemorative?
In this Kitco News exclusive, Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint, live from the Texas State Capitol to break down a historic shift in state level finance. Texas has officially launched its own state branded gold and silver bullion program, integrating physical metal directly into the state economy through a first of its kind dot gov storefront.
Phair explains the mechanics of the new program, including the issuance of official Texas gold bills and commemorative coins tied directly to the Texas Bullion Depository. With gold pushing 5,100 dollars and silver at 83 dollars, this move marks a transition from passive storage to active state distribution. The interview also covers the impact of Basel Three regulations, which now classify physical gold as a 100 percent risk free asset, and how other states like Wyoming are positioning themselves in this new sovereign metals race.
Interview Recorded: February 11, 2026
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Timestamps:
00:00 Introduction and Breaking News
00:57 Interview with Josh Fair: Insights from the Capitol
01:28 Historical Context and Legislative Background
02:56 Distribution and Sales Mechanics
05:28 Comparing State Initiatives: Wyoming vs. Texas
06:48 The Broader Impact on Precious Metals Market
11:32 State-Level Gold and Silver Strategies
14:14 Future of Precious Metals in State Economies
21:02 Market Dynamics and Future Predictions
29:15 Conclusion and Final Thoughts
#TexasGold #GoldStandard #SilverSqueeze #KitcoNews #JoshPhair #SoundMoney #TexasBullionDepository #GoldBills #CentralBankGold #Basel
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