GOLD MINE IN NEVADA
Gold Panners for El Dorado STATE,
Since El Dorado State will retain its Golden name and history, and President Trump is changing many of our environmental laws and Federal land use laws, El Dorado State may be in a position to take a step back to the future. Following is news about a new gold mine in Nevada and three states that also have gold depositories. A State Bank and a Gold Depository could be a great addition for our State.
What States Have A Gold Depository?
Saturday, July 19th 2025
A key tenet of any robust financial ecosystem is protecting valuable assets. Precious metals – specifically gold – have long played an instrumental role in global economies as primary currency standards throughout history. Today, several states in America have created their own gold depositories which serve as fortresses against financial uncertainty – let us embark on this exciting adventure and discover their stories!
Texas
Texas stands tall as an example in pioneering the creation of a state-run gold depository. When Texas Legislators established The Texas Bullion Depository in 2015 (1), their intention was to bring home over $1 billion stored in gold bars that were stored by the University of Texas Investment Management Company of New York.
The Texas Bullion Depository offers more than just secure storage; they also provide services related to gold and other precious metals including inspection, authentication, and retail sales. Their establishment reflects both Texas’ independent spirit as well as economic security concerns.
Tennessee
Following in Texas’s footsteps, Tennessee has also taken steps towards creating a state-run gold depository. The Tennessee Depository Act of 2020 provided all necessary provisions for creating, managing, and operating such an institution.
Though still under implementation at the time of writing, Tennessee’s legislation marks a crucial step toward greater financial independence. Once established, its depository should offer similar services to the Texas Bullion Depository.
Idaho, the “Gem State”
Idaho has long had an appreciation of precious metals such as gold. With this rich mining and appreciation history in place, Idaho plans on opening a gold depository under The Idaho State Gold Depository Act of 2021 which contains provisions necessary for establishment and management.
Idaho’s commitment to its mining legacy and forward-looking approach towards financial security are illustrated by this legislation, with Idahoans now having secure storage options available to them for gold and other precious metals – adding another shining gem in Idaho’s crown of glory.
New Gold Mine in Nevada:
Trump Admin Greenlights Gold Mine in Nevada | The Epoch Times
Sharon