Texas wants its gold back inside the state's borders

AP ^ | 07/04/15

[Enlightened1]

Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum.

Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts - not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank, for some harken back to century-old fears about the security of currency not backed by shiny bullion.

The Legislature's decision this summer to bring its gold cache home was hailed by many conservatives, and even some on the far left, who are suspicious of national government.

"There will always be the exact same amount of gold in there as the amount that was put in," no matter what happens to the financial system, said Republican state Rep. Rep. Giovanni Capriglione, a former tea party organizer from the Dallas suburbs who authored the gold bill.

But for the Texas comptroller's office, which has to implement the policy, the catch is that the new Texas Bullion Depository exists in name but not reality.

The law doesn't say where the depository would be or how it should be built or secured. No funding was provided for those purposes or for leasing space elsewhere. Further complicating matters is a provision allowing ordinary people to check their own gold or silver bullion into the facility.

"We are honestly at the phase where the questions we are answering are creating more questions that we have to answer," said Chris Bryan, a comptroller's office spokesman.

[servantboy777]

My first thought...Does Texas know the feral gubbamint is close to collapse?

[Cementjungle]

The holdings, stored at a New York bank

I hope someone has gone and done a check sometime in the last 40 years... just to see if it's still there.

[servantboy777]

>>would be better off “WHISTLING IN THE GRAVE YARD”.<<

I prefer...Whistling Dixie.

[Nero Germanicus]

Current Texas Demographics
Non-Hispanic White: 44%
Hispanic/Latino: 36.5%
Black : 12.4%
Asian: 4.3%
Two or More races: 1.8%
American Indian: 1%

[gingerbread]

Unfortunately, these Washington politicians are more interested in feathering their own nests, that taking care of the people that voted them in. Most of them, whether republicans or democrats have a “FOR SALE” sign tattooed on their backs. They truly believe in the old adage that “THEM THAT GOTS THE GOLD MAKES THE RULES”, a bastardisation of the “GOLDEN RULE”.

[Craftmore]

What if the golds no longer there?After all Germanys gold is missing.

[Savage Beast]

Great imagery! The Washington politicians with "For Sale" around their necks!

What a bunch of parasites!

[mom3boys]

I want to move to Texas when hubby is eligible for retirement at his job, maybe next year. If anyone has any suggestions as to where we should be looking for a place, I’d be grateful. We’re planning on a fact-finding trip there in the fall.

[deport]

If anyone has any suggestions as to where we should be looking
for a place, I’d be grateful.

*****************

That’s a wide open question with no specifications as to preferences.
Texas offers a wide variety of options in landscape, weather, enviornment,
population, etc.

[Enlightened1]

Here is a list of the 2015 Top 100 places to retire (all states). If you are committed to Texas, then this list has Austin, TX as the top spot

1. Asheville, NC
2. Sarasota, FL
3. Venice, FL
4. Green Valley, AZ
5. Beaufort, SC
6. Charleston, SC
7. Myrtle Beach, SC
8. Prescott, AZ
9. Ft. Myers, FL
10. Naples, FL
11. Paris, TN
12. Austin, TX
13. Clearwater, FL
14. St. Petersburg, FL
15. Bluffton, SC
16. New Bern, NC
17. Tampa, FL
18. Pensacola, FL
19. Charlottesville, VA
20. Summerville, SC
21. Las Cruces, NM
22. Brevard, NC
23. San Antonio, TX
24. San Diego, CA
25. Colorado Springs, CO
26. Knoxville, TN
27. Greenville, NC
28. Tucson, AZ
29. Chapel Hill, NC
30. Savannah, GA
31. Eugene, OR
32. Chattanooga, TN
33. Portland, OR
34. Aiken, SC
35. St. Augustine, FL
36. Fairhope, AL
37. Athens, GA
38. Williamsburg, VA
39. Beaufort, NC
40. Jacksonville, FL
41. Vero Beach, FL
42. St. George, UT
43. Bend, OR
44. Lewes, DE
45. Blue Ridge, GA
46. Clemson, SC
47. Maryville, TN
48. Hendersonville, NC
49. Crossville, TN
50. Greenville, SC
51. Sequim, WA
52. Port Charlotte, FL
53. Grand Junction, CO
54. Sedona, AZ
55. Southport, NC
56. Denver, CO
57. San Luis Obispo, CA
58. Bellingham, WA
59. Rehoboth Beach, DE
60. Stuart, FL
61. Charlotte, NC
62. Flagstaff, AZ
63. Ft. Collins, CO
64. Delray Beach, FL
65. Orlando, FL
66. Murphy, NC *
67. Gulfport, FL
68. Albuquerque, NM
69. Hilton Head, SC
70. Reno, NV
71. Winchester, VA
72. Port Townsend, WA
73. Winter Park, FL
74. Eureka, CA
75. Henderson, NV
76. San Juan Islands, WA
77. Port St. Lucie, FL *
78. Pittsburgh, PA
79. St. Simons Island, GA
80. Spokane, WA
81. Mt. Airy, NC
82. Key West, FL
83. Durango, CO
84. Las Vegas, NV *
85. Santa Barbara, CA
86. Corpus Christi, TX
87. Cape Coral, FL *
88. Dunedin, FL *
89. Palm Springs, CA
90. Gainesville, FL
91. Mesquite, NV
92. Seattle, WA
93. Boynton Beach, FL *
94. Santa Fe, NM
95. Gulf Shores, AL *
96. Whitefish, MT *
97. Leesburg, FL
98. Phoenix, AZ
99. Fernandina Beach, FL *
100. Boise, ID *

http://www.topretirements.com/blog/great-towns/florida-tops-most-popular-places-to-retire-for-2015.html/

[catfish1957]

Good first step before the socialist U.S.confiscates it, much like they plan to to with citizens IRA's and 401K's.

I still believe I may see secession in my lifetime. So this all makes sense,

[mom3boys]

Thanks for the helpful list.
As far as Austin is concerned - thanks but no thanks! Too liberal.
I currently live in AZ, which is okay for right now, but it will be one of the first states that liberal Californians will run to if the drought over there gets worse, as they say it will.

[mom3boys]

I currently live in the Phoenix area, so I’m used to heat, but humidity is another thing.

I’d like to live within an hour’s drive of a big city, but in a more rural setting. My business needs good internet access and supplies.

We were thinking of looking at the towns and small cities near Dallas/Ft Worth.

[deport]

The DFW region has a lot to offer. An hour or so drive can get you into the rural settings.
This area will get you into the Piney Woods / Prairie Lakes regions. You axed the Austin
area but it’s much different than most think when you get outside of the metro area,
beautiful Hill County, etc.

Take some time and explore the various regions of Texas. Each has it’s own uniqueness.

BIG BEND COUNTRY
GULF COAST
PINEY WOODS
PRAIRIE & LAKES
HILL COUNTRY
SOUTH TEXAS PLAINS
PANHANDLE PLAINS

[Enlightened1]

How about number 23 San Antonio, Tx?

[gingerbread]

We’re not talking about Fort Knox. It;s been the belief by a lot of people, that our 3rd division in Ft Knox is guarding an empty “SAFE”. This is the gold in the New York gold reserve. However, you may be right, just maybe that gold isn’t there any more either.