Posted on 03/24/2013 8:55:40 PM PDT by Smittie
Texas has $1B in physical gold
Governor Perry is showing support for a bill to bring home rare and precious metals the state already owns.
Republican Rep. Giovanni Capriglione of Southlake introduced House Bill 35-05. It would create the Texas Bullion Depository, which would house the physical gold bars the state owns.
The Texas Tribune reports the state has a billion dollars in physical gold, which is owned by the University of Texas Investment Management Company.
The gold is currently stored in the Federal Reserve Bank of New York.
"If we can securely store this gold in Texas and do it at a lower cost to the state than where it is currently stored then we should take a look at that," the Governor said in a statement from his press office to KXAN on Friday. "Number one priority is that it is securely stored."
(Excerpt) Read more at kxan.com ...
Your turn.
/johnny
Just in case? We already know how.
Think you gotta drill sample it.
No doubt one our prev damn dem Govs thought it was good idea to let Nuevo York hold it.
What would Texas do if they showed up at the Fed bank with a truck and the Fed said “no”?
I am well aware that WB father was a rock ribbed conservative hard money guy who served in the US Congress. WB is fiat money all the way.
Irrelevant.
Really, really?
The State that was once an independent republic that makes nukes up in the pan-handle is irrelevant?
You yankees sure know how to throw a party.
/johnny
I think if it’s THERE...bring back to Texas.
Sadly, I’m not sure there is any gold there. Or any where else.
That would be an interesting thing to report on the evening news...
Which also has nukes.
/johnny
Shut down the gas pipelines and freeze a yankee.
Actually, I did see on a news program (msm) a couple of years ago that there is no gold in the vaults.
Is it true? I sure don’t know. But it’s sure possible.
Worse comes to worse, yes. But if there is a nondestructive method that would be preferable.
X-ray, neutron activation, ultrasound, mechanical deformation (does the bar bend, twist, flex or stretch like solid gold?), sonority, center of gravity, something.
Me neither.
But it’s sure possible.
Yep. But denying Texas its gold would remove any doubt.
and Perry really thinks that the Gold is still there?
I’d laugh, only it ain’t funny.
That is assuming it still exists in the US. It’s more likely to be in China or Saudi Arabia.
But tungsten is nice, too.
Or is Perry calling them out?
If your grasp of the English language is as poor as it appears to be then I’ll help you out this one time.
That Texas (or any other state) builds nukes is irrelevant to the question of where they store their gold or whether they can obtain it on demand.
With fracking do the yankees need Texas?
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