TxGold - Frequently Asked Questions

What is TxGold?

TxGold is a private currency, backed 100% by physical gold. 1 TXGold = 1/1000 of ounce of physical gold.

Users and organizations can send/receive TxGold through our App. A user can exchange physical gold for TxGold (and vice versa).

When will TxGold be available?

The new TxGold app will be available in mid 2025 on both the App Store (iOS) and Play Store (Android).

Note: TxGold was originally launched in 2019 as a cryptocurrency; it ran on a public blockchain - and required a specialized crypto wallet. We soon realized this approach appealed to a limited set of technical users, and so we decided to rethink our strategy. After a long break, we began building a custom, user-friendly app - along with a fast, secure, and private network. We’re almost ready to launch again!

Where is TxGold located?

TxGold is based in Texas. Physical gold is stored in the Texas Bullion Depository.

The state of Texas recently authorized Gold and Silver as Legal Tender. Is TxGold associated with this new law?

TxGold is a private currency. We are very excited about the new Texas legislation (which is set to take effect in May 2027) and think it will accelerate the use of Gold as money.

How do I fund my account?

An account is funded by depositing gold - either existing gold or new gold purchases. We have a few options to help you get started. After downloading the app, visit here to learn more.

Can I redeem TxGold for actual gold?

Yes, registered users can redeem TxGold for as little as 1 ounce of physical gold. click here for further information.

Are there fees associated with sending/receiving TxGold?

When sending TxGold to an individual, there is no transaction fee. If TxGold is sent to a business/organization, the receiving business/organization pays a 1% fee.

Do you offer a guarantee to store and redeem physical gold?

Yes, when you acquire TxGold tokens, you and TxGold enter into a bailment agreement - which contractually obligates us to store and (when requested) redeem physical gold for TxGold tokens. Learn more by reading our User Agreement.

I’m interested in exchanging other virtual/crypto currencies with TxGold - is this possible?

Yes, there are existing companies where you can buy gold coins using crypto currencies - and have the coins sent directly to our storage account. We will also offer the ability to exchange crypto currencies for TxGold - learn by reviewing our funding page.

Is TxGold available in my country/province?

TxGold is currently available to Texas residents. Our eventual goal is to have TxGold available in all countries, including most U.S. States.

I’ve heard Gold prices are on the rise - is TxGold a good investment?

We don’t believe gold, nor TxGold, should be thought of as an investment. In the short term, gold may rise or fall in value relative to other assets/currencies; but in the long term, it tends to retains its value. That is one of the features that makes gold the best form of money.

Users who acquire TxGold should not expect any profit; we are not “investing” funds in any type of enterprise; rather, we are providing storehouse services and “warehouse receipts” (i.e. tokens) for physical gold.

What can I do/buy with TxGold?

Using the TxGold app, users can send/receive payments to other registered individuals, businesses, and organizations. Looking ahead, we envision a future where TxGold plays a role in other financial services - like loans, investments, etc.

What about Silver?

Like gold, silver has a long track record of providing a stable foundation for money. Coincidentally, the original U.S. silver dollar received its name from a private, highly-regarded coin minted in the 16th century - the Joachimsthaler.

We believe silver can continue to be part of a sound money policy - and will look for opportunities to incorporate it into future offerings.