Texas Says Yes to Gold: Declares Gold and Silver Legal Tender for Everyday Grocery Purchases.

Texas Says Yes to Gold: Declares Gold and Silver Legal Tender for Everyday Grocery Purchases.

In Texas.

The news as it trends.

Texas Governor Greg Abbott has signed House Bill 1056 into law, officially recognizing gold and silver as legal tender across the state starting May 1, 2027.

This means Texans will soon be able to use precious metals for everyday purchases like groceries, gas, and services.

But instead of carrying gold coins or silver bars, residents will access their holdings through digital accounts linked to the Texas Bullion Depository.

These accounts will be tied to debit cards or mobile apps, allowing users to spend based on the current market value of their metals.

The Texas Comptroller will set daily exchange rates to ensure consistency and transparency.

While businesses are not required to accept gold or silver, those that opt in will process transactions just like any other card payment.

Supporters say this law offers a hedge against inflation and a step away from centralized banking, while critics warn of logistical hurdles and price volatility.

Still, the move is part of a growing “sound money” movement in conservative states, aiming to give citizens more control over their wealth and financial choices.