Gold, silver become legal tender in Texas under new law

AUSTIN (KXAN) -- Texas has joined a growing movement of states establishing gold and silver currency systems, after Gov. Greg Abbott signed House Bill 1056 into law on June 29, creating what supporters call the most comprehensive precious metals transaction framework in the nation.

The legislation allows Texans to use precious metals stored in the state-run Texas Bullion Depository for every day purchases through debit cards and mobile applications, positioning Texas alongside Arkansas...