Texas launches its first closed-loop precious metals trading system from vault to consumer

As of press time, today's London spot gold price hit an intraday low of $4,887.73/oz, then rebounded again to just below $5,000/oz. International gold prices have been experiencing significant volatility recently, and investors should be cautious of international market risks during the Spring Festival holiday.

While states like Wyoming and Utah have previously made headlines for recognizing gold and silver as legal tender, Texas' plan includes issuing the state's "Lone Star Coin," minted from one ounce of gold and silver, as well as official Texas "Gold Notes," which are thin, durable, and contain a verifiable layer of pure gold.

These products are not only commemorative, but also closely tied to the state treasury. Investors can now purchase them via the state's official website and choose to store them in the state's secure facilities, effectively bypassing the traditional U.S. commercial banking process. Legislative bodies in several other states are also actively discussing the establishment of similar physical metal transaction infrastructures to address the impact of federal monetary policy.

Phair emphasized that this regulatory policy shift is leading to a "scramble for physical gold" at the institutional level, which is why institutions and central banks in multiple countries are building their own physical gold reserve facilities—physical gold will provide greater security and protection.