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University of Texas Takes Delivery Of $1 Billion In Physical Gold
Zero Hedge ^
| 04/16/2011
| Tyler Durden
Posted on 04/16/2011 5:15:45 PM PDT by The Magical Mischief Tour
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To: microgood
The only way to own gold is to possess it physically If so, then the University of Texas board of trustees does not own any.
To: freekitty; Arrowhead1952; wolfcreek; basil
That gold won’t be in NY for long. Austin has more underground mil-secure space than you can imagine.
Looks like Perry’s going to be minting some state coin?
22
posted on
04/16/2011 6:11:30 PM PDT
by
txhurl
To: FReepers
Is This You Too?
I do so enjoy these money raising pleas. Too bad you kicked off so many patriots back in the day that criticizing the big spending Bush was a cardinal sin on the so called conservative free republic.
Nope, I will happily continue to freeload information from this site. If the lights go dark, well, so be it...
Become A Monthly FR Donor
23
posted on
04/16/2011 6:13:50 PM PDT
by
DJ MacWoW
(America! The wolves are at your door! How will you answer the knock?)
To: The Magical Mischief Tour
Fascinating hyperbole. We might be using Texas Dollars someday. But as for "every fund manager" following suit, and the implied short squeeze of recent fantasy, this might be hyperbole.
it was once illegal to own gold in the US. If it appears the current regime is in danger of being capsized, the powers that be will apply incentives and penalties as it sees fit to keep the ship afloat. Don't know if it will succeed, but it will have to try to "protect" the order upon which the entire civilized world is accustomed. If there's going to be any regime changing, it going to SDRs (either actual or analogous) with an initial gold backing, as my favorite blog has suggested, IMHO.
Definitely a cool development and an intriguing move by Texas.
To: taxtruth
How can you take delivery when the Gold is in NY with a bunch of crooks?because most people in this city are not crooks, @sshat.
To: hinckley buzzard
Somewhere between 200-300 tons—
6,643 bars of bullion, or 664,300 ounces
26
posted on
04/16/2011 6:35:33 PM PDT
by
deport
To: deport
What do you make of this?
Besides a brooch, or hat, of course :)
27
posted on
04/16/2011 6:43:18 PM PDT
by
txhurl
To: txhurl
28
posted on
04/16/2011 6:46:17 PM PDT
by
null and void
(We are now in day 814 of our national holiday from reality. - That 3 AM phone call? Voicemail...)
To: The Magical Mischief Tour
Taking delivery to a vault in NYC is no different than taking paper delivery.
In a couple of years, New York will be under no obligation to allow its gold to be internationally transferred to Texas, regardless of who paid for it.
29
posted on
04/16/2011 6:47:56 PM PDT
by
BobL
(PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
To: The Magical Mischief Tour
That’ll buy a lot of football players.
30
posted on
04/16/2011 6:48:01 PM PDT
by
dfwgator
To: txhurl
31
posted on
04/16/2011 6:48:56 PM PDT
by
null and void
(We are now in day 814 of our national holiday from reality. - That 3 AM phone call? Voicemail...)
To: wmfights
“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”
If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.
32
posted on
04/16/2011 6:49:02 PM PDT
by
mongo141
To: wmfights
“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”
If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.
33
posted on
04/16/2011 6:49:28 PM PDT
by
mongo141
To: The Magical Mischief Tour
Well they need to spend it on the FB team....
They suck!
34
posted on
04/16/2011 6:51:54 PM PDT
by
Osage Orange
(I knew what I was feeling, but what was I thinking!)
To: BobL
In a couple of years, New York will be under no obligation to allow its gold to be internationally transferred to Texas, regardless of who paid for it.Internationally?
35
posted on
04/16/2011 6:53:00 PM PDT
by
Osage Orange
(I knew what I was feeling, but what was I thinking!)
To: deport
36
posted on
04/16/2011 6:53:36 PM PDT
by
Big Horn
(Rebuild the GOP to a conservative party)
To: txhurl
What do you make of this?
Some one named Bass at work.... I really don't have a clue.
37
posted on
04/16/2011 6:59:51 PM PDT
by
deport
To: Big Horn
That is about 20 ton.
Yep a little more than Bevo can pull around in the ox cart.
38
posted on
04/16/2011 7:02:36 PM PDT
by
deport
To: taxtruth
How can you take delivery when the Gold is in NY with a bunch of crooks?>>>>>>>>
I suspect ornery alumni will insist it be moved to Texas as it should be.
39
posted on
04/16/2011 7:06:11 PM PDT
by
dennisw
(nzt - "works better if you're already smart")
To: wmfights
I dont know about that. I own physical gold and silver, in my possession. I am not a central bank. I dont have a ton of the stuff, but it doesn’t take much to take possession.
40
posted on
04/16/2011 7:06:11 PM PDT
by
Vermont Lt
(How long before the Mall becomes Tahifir Sq?)
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