State Oversight and Private Industry Expertise Create a Winning Combination

Tangible asset owners often find it challenging to securely store their precious metal positions in a way that properly accounts for these assets. In addition, it can be difficult or expensive to acquire insurance for their holdings. Private depositories have historically provided an alternative for the safekeeping of valuable assets, but account holders are putting their trust in the hands of private management. The Texas Bullion Depository leverages significant industry experience, systems and procedures while the Comptroller of Public Accounts provides oversight to ensure the operator meets the standards established for the program.

The legislation that authorized the creation of the Texas Bullion Depository ensures governance and accountability are always at the forefront of depository operations – features that don’t exist at other private depositories in the United States and abroad.