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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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To: count-your-change
Your gold in someone else’s bank? Oh yippee!

I'm sorry. I was under the impression I'd responded to someone who wanted to have an actual conversation, not someone who wanted to make nonsensical remarks.

My bad.

61 posted on 03/25/2013 7:53:00 AM PDT by MamaTexan (Please do not mistake my devotion to fairness as permission to be used as a doormat)
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To: bert
The tried and true test is to bite it. If there are teeth impressions, it is likely gold. To test purity, use a touchstone.

Yes. That will tell you the purity of the skin.


62 posted on 03/25/2013 8:35:11 AM PDT by null and void (If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
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To: MamaTexan

Conversation means you don’t control the other person’s responses.


63 posted on 03/25/2013 8:40:58 AM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: X-spurt

It’s not a dirty word to those making good money from it.


64 posted on 03/25/2013 8:46:21 AM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: count-your-change
Conversation means you don’t control the other person’s responses.

Conversation means you say something worth listening to.

Otherwise, it's just noise.

65 posted on 03/25/2013 9:03:07 AM PDT by MamaTexan (Please do not mistake my devotion to fairness as permission to be used as a doormat)
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To: count-your-change

Ain’t that the way it always is?


66 posted on 03/25/2013 4:44:49 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: count-your-change

I was thinking of the two gun mini-uzi rig from “Invasion USA”. It looks like a modified Galco that Don Johnson wore on “Miami Vice”.


67 posted on 03/26/2013 5:31:45 PM PDT by MikeSteelBe (Austrian Hitler was, as the Halfrican Hitler does.)
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To: X-spurt

Austin angst. Good for you, spurt-X.


68 posted on 03/26/2013 6:43:30 PM PDT by RedHeeler
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To: X-spurt

“Fracing” might be a dirty word, up here or anywhere- just what does that mean, genius?


69 posted on 03/26/2013 6:54:06 PM PDT by RedHeeler
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To: RedHeeler

If I have to begin explaining oil and gas production terms to ya, its too late, Curly Joe.


70 posted on 03/26/2013 9:40:41 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: RedHeeler

Back in the Jerry Jeff and Rusty Weir day, Austin was easy tolerable if you ignored the Hippies.


71 posted on 03/26/2013 9:43:12 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: X-spurt

Thanks.


72 posted on 03/26/2013 9:43:43 PM PDT by RedHeeler
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To: X-spurt

Okay.


73 posted on 03/26/2013 9:51:52 PM PDT by RedHeeler
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