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To: HippyLoggerBiker; Publius; Sobieski at Kahlenberg Mtn.

HippyLoggerBiker wrote:

“
Texas Tries to Bring Home its Gold Bars, Distrusts NY Fed, HSBC

https://wolfstreet.com/2015/06/15/texas-gold-depository-votes-to-bring-gold-home-no-confidence-in-new-york-fed-hsbc/
“

So, since 2015, has Texas been able to get the gold from HSBC?

1,840 posted on 03/11/2022 5:00:57 PM PST by WildHighlander57 ((the more you tighten your grip, the more star systems will slip through your fingers.) )

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To: WildHighlander57; Sobieski at Kahlenberg Mtn.

It appears that Texas has not claimed its gold from HSBC. That means that HSBC, a bullion bank, is allowed to sell paper gold into the market to control the price. That means that Texas' gold has been hypothecated in paper form, and some of it may have been sold in physical form to various buyers.

It's possible that Texas' state government was told that repatriating Texas' sovereign gold might start a run on the gold bank. That would lead to a no-bid situation.

1,843 posted on 03/11/2022 5:07:42 PM PST by Publius (It wasn't easy being a young conservative. It's easier being an old conservative.)

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