Tarek Saab has a golden vision for Texas.vWell, for a Texas Bullion Depository anyway. So he, and his company — Texas Precious Metals — set up a booth at the Republican Party of Texas state convention in Dallas to tell Texans about it. “Texans as a group are some of the largest gold buyers in the world,” said Saab, chief operating officer of the company. “The only options they have to store it right now are in a bank or their home.”

Saab’s company, one of many interested in being involved with the state’s plan to create a depository, proposes building a potentially $20 million facility — with no Texas tax dollars — on 40 acres of land it has in Shiner, about 250 miles south of Fort Worth. Plans for such a depository, where Texans could store their gold and precious metals, have been in the works since state Rep. Giovanni Capriglione, R-Southlake, asked lawmakers to create the facility last year. READ MORE