Transparency and Oversight
83. Right to Use Cash and Cash Substitutes
We support Texas in exercising its constitutional right (Article 1, Section 10) to declare gold and silver as legal tender, and to authorize the ability to transact, transmit, or exchange such gold and silver bullion by physical and/or electronic means, or written instruction.
To further that right, we support legislation for Texas to utilize the Texas Bullion Depository for persons to buy and hold gold and silver bullion and electronically transact with it as money, essentially allowing debit card transactions to spend gold and silver as functional legal tender. The State of Texas should protect that money (and its use) from capital gains taxation at both the state and federal level.
No government shall prohibit or encumber the ownership or holding of any form or amount of money or other currency. We support a ban on any form of social credit system based on programmable/ trackable digital currencies including Central Bank Digital Currencies (CBDCs). (S)
