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The official also offers started “most initial” conversations with UTIMCO to talk about the potential for moving the fresh gold in order to Colorado, according to Tom Smelker, the newest manager of your own county depository. Three-years afterwards, however, the prospect away from UTIMCO moving its gold so you can Tx seems secluded. UTIMCO officials state the brand new Texas depository will have to end up being a member of the Chicago Mercantile Change’s COMEX platform, where gold futures agreements is exchanged, for the transfer to move ahead. Whenever Abbott signed the fresh silver depository expenses to your law inside June 2015, he proclaimed your beginning out of a state-work on studio will allow Colorado so you can “repatriate” the newest nonprofit’s gold also provide. The fresh a lot of time way to the newest depository’s starting began inside the 2013, when county Agent. Giovanni Capriglione, R-Southlake, proposed a bill to establish the state’s bullion depository, attracting the assistance out of up coming-Gov.
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