If you don’t have it in your possession you ultimately may not own it.
I was going to make the same remark.
If Texas had a depository filled with a significant amount of gold and silver and the dollar collapsed then the fedgov would come and take the gold by force of arms if necessary.
They would need the gold (real money) to keep EBT from running out of funds...seriously. The cities would burn if EBT dried up.
If democrats are in power at the time of a financial collapse I believe they would outlaw the possession of gold and silver in any significant amount and make it a crime to buy, sell or barter with gold and silver. They would recall all the Silver and Gold Eagle coins back to the mint and issue some sort of worthless script as reimbursement.