Do you recall Bishop Koyle’s prophecy about the future of our nation’s currency? The following quote from Norman Pierce’s book on the Relief Mine might refresh your memory. Keep in mind, Bishop Koyle lived during a time when you could still redeem paper dollars for gold coins at your local bank.
Here in Utah, big industries like Kennecott Copper and Geneva Steel would be shut down, as well as government-related industries, and unemployment would be widespread. The U.S. paper dollar and coinage, having no intrinsic value, would no longer be redeemable in gold and silver, and it soon would become worthless and no longer be regarded as legal tender.
If this prophecy proves accurate—and our currency will no longer be recognized as legal tender—then preparation becomes essential. That appears to be exactly what Texas lawmakers are doing with the passage of HB 1056. But this raises a question: Doesn’t the U.S. Constitution already establish gold and silver as lawful money? Why pass a new law that seems redundant?
The U.S. Constitution (Article I, Section 10) states:
"No state shall... make any thing but gold and silver coin a tender in payment of debts..."
This clause restricts states from declaring anything other than gold and silver as legal tender. However, it does not mandate that states must use gold and silver—it only allows for it. Therefore, if a state wants to integrate gold and silver into its modern financial system, legislation is necessary. Here's why:
Practical Infrastructure
The U.S. economy is deeply rooted in Federal Reserve Notes. For a state to enable gold and silver transactions, it must establish rules about valuation, processing, and the handling of taxes and debts. Texas’s new law addresses these logistical concerns.
Legal Clarity
Without a state law in place, businesses, courts, and government agencies lack a framework for accepting precious metals. HB 1056 provides that structure, making their use clearly lawful and actionable.
Political Signaling
To some lawmakers, this legislation represents a step toward financial independence and a safeguard against inflation and federal monetary policy. In other words, they see the writing on the wall regarding the future of the U.S. dollar.
Remember, Bishop Koyle told believers that owning 100 shares would be sufficient to care for any man's family. But, if a man had more than 100, he would be in a better position to assist his fellow men during the times of financial trouble and famine.
The movement to recognize gold and silver as legal tender is picking up speed—just look at the growing number of states jumping on board behind Utah!
| State | Year | Reference |
|---|---|---|
| Utah | 2011 | HB 317 |
| Oklahoma | 2014 | HB 2896 |
| Kansas | 2013 | HB 2379 |
| Texas | 2025 | HB 1056 |
| Wyoming | 2018 | HB 103 |
| Arizona | 2017 | HB 2833 |
| Mississippi | 2025 | SB 244 |
| Alabama | 2025 | SB 130 |
| Idaho | 2025 | HB 177 |
| Louisiana | 2025 | HB 682 |
| West Virginia | 2019 | SB 502 |
But wouldn’t it be cumbersome to buy groceries or gas using physical gold and silver coins? Yup. That’s why Texas addressed this very issue in its new law. Residents will be able to deposit precious metals into the Texas Bullion Depository and use a debit card linked to their holdings—making everyday purchases fast and easy. Will Utah implement something similar when the Relief Mine starts minting gold coins? Who knows.
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Texian Partisan News Article
Now let’s dive into the details of the new Texas law, sourced from the Texian Partisan website.
Governor Greg Abbott signed House Bill 1056 into law late on June 22nd, making Texas the first state in the Union to establish a practical, electronic payment system backed by gold and silver. The landmark legislation recognizes precious metals as legal tender and creates a revolutionary transactional currency system that could fundamentally change how Texans conduct everyday business.
The signing represents a major victory for Texas sovereignty advocates who have long pushed for alternatives to the Federal Reserve’s fiat currency system. HB 1056 goes far beyond the symbolic precious metals legislation passed by other states, creating actual infrastructure that will allow Texans to use gold and silver for everything from buying groceries to filling up their gas tanks.
“Texas is taking back control of our money, one ounce at a time,” declared Senator Bryan Hughes (R-Mineola), the bill’s Senate sponsor. The legislation passed with strong Republican support, clearing the House 89-45 and the Senate 18-12 after amendments were made to ensure constitutional compliance.
Bullion-Backed Debit Cards
The heart of HB 1056 lies in its authorization for the Texas Comptroller to establish electronic systems that will make precious metals “functional money” for the first time in modern history. Texans will be able to deposit gold and silver in the state-run Texas Bullion Depository, then access those holdings through debit cards and mobile applications.
The system works by allowing fractional transactions backed by physical precious metals. When a Texan swipes their card at a grocery store or gas station, the system automatically converts the appropriate amount of gold or silver value to complete the purchase. This solves the practical problem that Representative Mark Dorazio (R-San Antonio), the bill’s House author, highlighted: “How am I supposed to buy groceries? How am I supposed to put gas in my car with a gold bar?”
Dorazio, who referenced Genesis 2 in his advocacy for the bill, argued that gold was intended by God for commerce and that returning to constitutional money represents both sound policy and biblical principle.
Building on Texas’s Bullion Depository
The legislation leverages Texas’s already-existing advantages in precious metals infrastructure. The Texas Bullion Depository in Leander, operational since 2018, currently safeguards nearly $400 million in precious metals and stands as the only state-administered bullion facility in the United States.
This gives Texas a head start that no other state can match. The 10-acre facility features the highest level of vault security, capacity for millions of ounces of precious metals, and Lloyd’s of London insurance coverage. Under the new law, this infrastructure becomes the backbone of a payment system that could revolutionize how Texans store and spend their wealth.
Implications for Texas Independence
For supporters of Texas independence, HB 1056 represents critical infrastructure development for a future Republic of Texas. The ability to operate independent monetary systems is essential for any self-governing nation, and Texas is now building that capability while still technically part of the union.
The Federal Government has weaponized the dollar through endless money printing, crushing inflation, and using the banking system to enforce political compliance. Texas is providing its citizens with an alternative that cannot be debased by federal bureaucrats or manipulated for political purposes.
Texas has once again proven that we will not wait for Washington to protect our interests. We will forge our own path, build our own systems, and secure our own future. HB 1056 is now the law in Texas, and the age of constitutional money is about to begin.
You can read the full article at the Texian Partisan website.
Questions to ponder
- If you live in Texas, will you deposit gold and silver at the Texas Bullion Depository and access your holdings using a debit card?
- What are the chances the Relief Mine will adopt a similar electronic system—allowing stockholders to make everyday purchases with a debit card linked directly to their gold holdings at the Relief Mine bank?
Leave your comments below.
