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State Considers Bringing Gold Home
KXAN ^
| 03/23/2013
| KXAN
Posted on 03/24/2013 8:55:40 PM PDT by Smittie
Texas has $1B in physical gold
Governor Perry is showing support for a bill to bring home rare and precious metals the state already owns.
Republican Rep. Giovanni Capriglione of Southlake introduced House Bill 35-05. It would create the Texas Bullion Depository, which would house the physical gold bars the state owns.
The Texas Tribune reports the state has a billion dollars in physical gold, which is owned by the University of Texas Investment Management Company.
The gold is currently stored in the Federal Reserve Bank of New York.
"If we can securely store this gold in Texas and do it at a lower cost to the state than where it is currently stored then we should take a look at that," the Governor said in a statement from his press office to KXAN on Friday. "Number one priority is that it is securely stored."
(Excerpt) Read more at kxan.com ...
TOPICS: Business/Economy; Government; News/Current Events; US: Texas
KEYWORDS: federalreservebank; gold; perry; texas; texasgold
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The state's assets should be where they are under the control and protection of the state.
1
posted on
03/24/2013 8:55:40 PM PDT
by
Smittie
To: Smittie
X-ray every bar looking for tungsten...
2
posted on
03/24/2013 8:57:49 PM PDT
by
null and void
(If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
To: Smittie
Good luck on that. Even the Germans can’t get their gold back within twenty years.
3
posted on
03/24/2013 8:59:21 PM PDT
by
batterycommander
(a little more rubble, a lot less trouble)
To: Smittie
Just in case ... you know ... they decide to ... ummmmm ... form their own country
4
posted on
03/24/2013 9:01:20 PM PDT
by
ClearCase_guy
(The ballot box is a sham. Nothing will change until after the war.)
To: Smittie
Gold? What gold??? Bwahahaha...
To: Smittie; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
To: ClearCase_guy
Just in case ... you know ... they decide to ... ummmmm ... form their own country Again.
7
posted on
03/24/2013 9:06:29 PM PDT
by
Charles Martel
(Endeavor to persevere...)
To: Jet Jaguar
Why am I picturing Obama detouring by Ace hardware on his way back to the White House from Israel to pick up a can of gold spray paint?
8
posted on
03/24/2013 9:09:40 PM PDT
by
The Duke
(We don't rent pigs, but apparently we *do* ELECT them.)
To: Smittie
Damn, when the SHTF you do NOT want Ben Bernanke holding your gold.
9
posted on
03/24/2013 9:10:04 PM PDT
by
PGR88
To: Smittie
Good for Texas - we don't need to keep our gold in New York City. And good for AZ for considering gold and silver as legal tender.
10
posted on
03/24/2013 9:11:40 PM PDT
by
Jane Long
(Background checks? Dandy idea, Mr. President. Shoulda started with yours. - Sarah Palin)
To: Smittie
Dudes, do it!
There's nothing like a verify to smoke out the snakes.
11
posted on
03/24/2013 9:15:40 PM PDT
by
Paladin2
To: Smittie
Why would anyone in their right might allow those thieving conniving banksters at the Federale Reserve to posses and control your gold? That is nuts as nuts can be
12
posted on
03/24/2013 9:18:52 PM PDT
by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: Paladin2
When the tide goes out you find out who has been swimming naked -— Warren Buffet
13
posted on
03/24/2013 9:20:18 PM PDT
by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: Smittie
If your gold is in my bank then it’s my gold not yours.
14
posted on
03/24/2013 9:20:18 PM PDT
by
count-your-change
(you don't have to be brilliant, not being stupid is enough)
To: dennisw
15
posted on
03/24/2013 9:21:10 PM PDT
by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: Smittie
Your gold is in the New York Federal Reserve?
Sure it is.....
16
posted on
03/24/2013 9:24:03 PM PDT
by
Vendome
(Don't take life so seriously, you won't live through it anyway)
To: Smittie
Wow... This is a very good idea. I’d love to see other states follow suit and see if the “Federal Reserve Bank of New York” has all the gold it claims it has.
To: PGR88
Damn, when the SHTF you do NOT want Ben Bernanke holding your gold.I would love to know the chain of events that has the FR owning any US gold and holding it in their vault below the Federal Reserve Bank of NY which btw is the real Federal Reserve not those dopes and parasites in DC headed up by Ben Bernanke. How did the NY Fed come to have that gold that should be owned and controlled by the Treasury of THe United States.
How much US gold is owned by the FR and how much by the Treasury? It is said the USA has a 8,133.5 tons of gold. Who exactly is owning it?
18
posted on
03/24/2013 9:28:54 PM PDT
by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: count-your-change
YEP....he who has the gold, makes the rules....
19
posted on
03/24/2013 9:31:32 PM PDT
by
goodnesswins
(R.I.P. Doherty, Smith, Stevens, Woods.)
To: goodnesswins
Sure move our gold back to Texas.
Exchange black gold for gold gold.
We ship oil, you pay us in Gold.
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