“It’s in a bank in the middle of Beverly Hills under somebody else’s name”
They had better get their hands on the actual gold before it’s too late.[if it isn’t already]
If there was how would we know?
a couple of big guys like Texas start demanding delivery ... and the whole gold scheme could come crumbling down.
...and all of its banks and any bank? Diversify where your stored time-of-life/value/medium-of-exchange is kept. Possession is 10/10ths in a lawless environment.
BE PREPARED
Ping.
Can you say ‘rehypothecation’? I thought you could.
Hmmm....
Texas bringing assets home... nice first step toward Independence.
***there could be a run on the cache of gold that is kept in the basement of the Federal Reserve Bank in New York.***
Why would anyone want tons of gold plated tungsten?
The article says that the Texas gold is held by a private bank in New York. So how is that ‘a run on the Fed’?
Goldbug ping.
I’d bring a couple of drills with them if they do this.
The market for gold-plated tungsten isn’t what it used to be.
Since it’s going to take 7 years for Germany to get possession of their gold, how long will it take Texas?
This article is pure BS.
There can be no harmful run on the Federal Reserve gold. The gold on deposit is not the property of the fed and certainly not the property of American tax payers.
Gold is there to effect expeditious international account settlements. The gold is there because there is very secure storage space.