Lone Star Tangible Assets and its operating companies have been a driving force for the creation of a better client experience in the precious metals industry. Although the markets for physical precious metals are generally unregulated, Lone Star Tangible Assets has required its operating companies to conduct business as if they were regulated - working to set a higher standard of accountability for all industry participants. Lone Star Tangible Assets and the Comptroller of Public Accounts will work together to ensure transparency and accountability are integrated into the core of operations at the Texas Bullion Depository.
Lone Star Tangible Assets is the parent company of established precious metals company the United States Gold Bureau.
Click on the link below to learn more about Lone Star Tangible Assets.
The Texas Bullion Depository Bill was signed into law by Governor Greg Abbott on June 12, 2015, officially establishing the first ever state-administered precious metals bullion depository (HB 483; originally filed and submitted by Rep. Giovanni Capriglione (R - Southlake)). The establishment of the Texas Bullion Depository creates an official depository operation by the State of Texas, with depository services provided by Lone Star Tangible Assets of Austin, Texas.
"Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state." - Texas Governor Greg Abbott
The law provides for a depository administrator who is charged with oversight of the depository operations to ensure compliance with the law. The Comptroller of Public Accounts appoints the depository administrator. You can learn more about the creation of the depository, the launch of future services and how the depository will be administered by reviewing the links below.
Macy Douglas, Administrator, Texas Bullion Depository®
Macy Douglas is a 20+ year veteran of the Texas Comptroller's office, currently serving as the agency's director of Treasury Operations and is responsible for the day-to-day management of the bank accounts and revenues used to fund the $320 billion biennial enterprise of state government. Treasury Operations processes an average of more than $550 million in deposits each day and pays more than 2 million state warrants annually.
Douglas, a graduate of the University of Texas at Austin, has a degree in finance, and has held several key management roles at the agency in areas responsible for statewide financial operations and oversight. In addition to state accounting, Douglas has experience in travel and purchase expenditure handling, payroll processing, contract management, vendor oversight, and project management, including implementing enterprise resource planning solutions.
The Office of the Depository Administrator may be reached by calling or emailing using the information listed below.
Depository Administrator: +1 (512) 463-4433
Compliance Manager +1 (512) 463-3875
depository.administrator@cpa.texas.gov
Don Huffines is Texas' chief financial officer and a lifelong advocate for lower taxes, limited government and economic freedom. Appointed by Gov. Greg Abbott, he was sworn in as Texas Comptroller of Public Accounts on Aug. 1, 2026.
A fifth-generation Texan and successful businessman, Huffines brings a private-sector mindset to public finance. As Comptroller, he oversees the state treasury, collects state taxes, certifies revenue for the budget and roots out waste and inefficiency in state and local government. His office also manages major initiatives including the Texas Education Freedom Accounts program, broadband expansion, opioid abatement funding, unclaimed property, public safety grants, economic development programs, spending transparency and border security appropriations.
Gov. Abbott called Huffines “a successful businessman and proven conservative leader who puts taxpayers first,” adding that his “private-sector experience and dedication to limited government make him exceptionally qualified to lead the state's finances and protect every taxpayer dollar with integrity and accountability.”
Huffines previously served in the Texas Senate, where he built a reputation as one of the Legislature's strongest defenders of taxpayers and individual liberty. He helped pass legislation protecting the Second Amendment, strengthening border security, defending the sanctity of life, expanding free markets, increasing government transparency and safeguarding private property rights. A steadfast supporter of law enforcement and firefighters, he authored the law creating a property tax exemption for surviving spouses of first responders killed in the line of duty.
Huffines is widely known for fighting government corruption. As state senator, he uncovered a corruption scheme at a Dallas-area government agency with a $100 million annual budget, led the effort to abolish the agency and triggered a federal bribery investigation that resulted in multiple convictions and prison sentences. Rooting out waste, fraud and abuse remains a central focus of his work as Comptroller.
In 1985, Huffines founded Huffines Communities, growing it into one of the largest residential real estate development firms in the Dallas-Fort Worth region and helping thousands of Texas families achieve homeownership.
Huffines holds a Bachelor of Business Administration from The University of Texas at Austin. He and his wife, Mary Catherine, have five children and 12 grandchildren.
+1 (844) 416-GOLD
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