Gold IRA Companies in Texas: The Only State With Its Own Bullion Depository

Texas's constitution effectively bans a state income tax — any attempt to add one would require a statewide vote — so gold IRA distributions, Social Security, pensions, and 401(k) withdrawals all owe the state nothing beyond the federal bill. That's a real advantage for anyone rolling over a six-figure account after moving from a state like California or Oregon. It doesn't mean Texas collects less overall, though. The state makes up the difference through property tax, and Texas's effective rate runs around 1.60%, the sixth-highest in the country according to the Tax Foundation. Homeowners get one meaningful offset once they turn 65: state law freezes the school-district portion of their property tax bill at whatever they owed that year, so later reassessments and rate hikes stop moving that piece of it.

Texas splits its public workforce across two separate retirement systems, and which one applies changes what actually rolls into a gold IRA.

In 2015, the Texas Legislature created the Texas Bullion Depository, a 40,000-square-foot, purpose-built facility on 10 acres in Leander, just north of Austin, run as an official agency under the Texas Comptroller of Public Accounts and operated by a private contractor, Lone Star Tangible Assets, without taxpayer funding. It's the only state-administered depository of its kind in the country. In 2023, Lone Star Tangible Assets received IRS approval as a nonbank trustee, and by mid-2025 it began accepting precious-metal IRA deposits directly in partnership with custodian Equity Trust Company — meaning a Texas gold IRA investor can now choose in-state storage instead of defaulting to a facility in Delaware or elsewhere. Deposits at the facility topped $400 million by June 2025.

With Fortune 500 headquarters concentrated in Houston, Dallas, and Austin plus a large ERS and TRS public workforce, most national gold IRA companies actively solicit Texas clients. Get total first-year fees in writing from at least three companies, confirm by name whether the custodian offers the Texas Bullion Depository as a storage option instead of defaulting to an out-of-state facility, and treat a buyback quote more than 5-10% over spot price as a warning sign rather than standard practice.