More important to me is why Texas is doing this. Something's afoot in the economy, and they know about it. Of course, it could just be about having their hands on their gold. After what Greek banks have done with Greek bank accounts, I'm tempted to hide my cash in a treasure chest under a big X.
But, why now, Texas?
Fed bankers
inflation comin'
We're finally on the road
This crisis I see a comin'
banks dead in Ohio
banks dead in Idaho
banks dead New Mexico
The news story we HAVE NOT heard:
Germany getting THEIR gold back.
CRICKETS.
Aren’t you an economic guru? I think I remember that from some place.
What other motive could Texas have besides just getting control of their own gold?
FIAT currency is just paper..
What about secession?
Doing the math that is about 420 million dollars worth.
Lest we forget, AP reporters are geniuses. This one has single handedly figured out teleportation.
Typical no-clue journalist.
It is just under 6,000 bars of gold worth a bit under $700M. And it would fit on one or two semis.
Something is going on here, and it is not funny...
When states are bring back their gold and planning to store it locally, something is going on and it is not a good thing...
You folks may laugh about this but the whole idea is worth some thought. Why? Is there something going on the we do not know about? This question alone should make you question why this is happening.
Is an economic collapse eminent? I would think that the states would have much more information than we have...so don’t be so quick to judge.
“was being charged a storage fee of $108 per bar by a bullion depository in New York City, a total cost of more than $605,000 a year. “
http://www.fortbendstar.com/2015/06/10/vaults-across-texas/
$605,000 a year would do Texas more good in Texas’ economy than in New York’s...
Shoulda been done long ago!
(and I got your joke in #5, and thought it was funny)
:)
Deflation is here in an undeniable way.
It won’t affect everything at once, but it is creeping in.
Definitely some funny business going on with gold. I believe the Netherlands in addition to Germany is repatriating it from here. And what happened to all of Ukraine’s gold? Poof and it’s gone, no comment from the Fed whether we took it.
New governor was sworn in this year. And Schmuck Schumer boasted of taking Texas’ retired NASA space shuttle.
Kyle Bass of Dallas correctly predicted the 2008 financial collapse. He is predicting another shortly.
I think Texas should secede.
They won’t have to redesign the Flag though, they can just replace Texas with Puerto Rico.
Now, imagine if that Nutcase Abortion Barbie was Governor of Texas. LOL
OK, I figured out how they can get their Gold.
FedEx, when it absolutely positively has to get there.
The bigger question to me would be why in the hell would anyone authorize Texas gold to be stored in New York?
-——But, why now, Texas?——
De Blazio
HSBC is a private bank and not the Fed NYC. HSBC is formerly Hong Kong Shanghai Banking Corporation, a British bank
the AP would have the 20 square feet of gold stored in the underground cement walled vaults