Posted on 07/05/2015 8:11:28 PM PDT by xzins
Texas has a stockpile of gold. That gold is kept in New York City in an underground vault managed by HSBC. Texas has decided it wants all its gold back in Texas.
Earlier this year, Governor Greg Abbott signed a law that had sailed through the Texas Legislature. It sets up a depository facility in Texas that will house all of Texas’s gold inside Texas.
According to the Associated Press, Texas’s gold measures “about 20 square feet”. I’m thinking that should be cubic feet, but no matter. That’s not the best part.
In examining how Texas might get its actual, physical gold home from New York City, we find this gem, which is the funniest line in any news article this week:
It’s unclear whether repatriating it could be done with an electronic transfer or would require a fleet of planes or armored cars.
Yes, Scotty is going to beam it to Texas.
You old enough to remember the 5th Dimension. :>)
It is you who miss the point. There is everything going on that you don't know about. It's the stuff that only guys who dance with each other in the moonlight in front of giant owls know about. Our job is to live with the consequences of what they do.
I'm old enough to have been in the Philly Academy of Music with my eight months pregnant wife watch Laura Nyro sat at a piano performing Stoned Soul Picnic.
Old Timer!
"Are you sure?"
Your links confirm my statement.
Yes, Scotty is going to beam it to Texas.
If Texas is holding physical gold belonging to someone up or near NY, ownership of the respective gold could be transferred electronically. Otherwise, I have no idea how to transfer it other than putting it on a well-armored truck.
I think your math or assumption are off.
Send it by USPS as old rings and bracelets to some guy advertising he ‘buys gold in Texas’?
I always called those “burlar for hire ads”, but they keep showing up on TV, so I suppose they must be getting stuff in the mail.
How about those ads that offer to give you good money for that Rolex or Patek Philippe watch that you just “happen” to have laying around and totally forgot about. I must have five or six of them!
Running “Thief Wanted” ads is probably illegal...
:>)
“uh... we don’t actually have it, so you’re not getting it. The consequences of pushing the issue could be... dire.”
You load 16 tons, what do you get?
17,554 troy ounces per cubic foot, X 20 cubic feet X spot price comes to around 420 million dollars.
The 20 cubic feet must be a bad estimate from the source.
Texas Gov. Rick Perry is supporting a bill that would return the state’s $1 billion in gold reserves currently stored by the Federal Reserve at a vault in New York to the state.
Read more at http://www.wnd.com/2013/03/why-texas-wants-its-gold-back-from-the-feds/#mU5OJr7GhYX17iYu.99
I wasn’t saying the gold wasn’t there, just that it might no longer be Ukraine’s. Weird times.
I believe the gold was removed for "safekeeping" or remitted as payment for political support. In any case, it's gone.
I don't know about the Libyan gold.
It sounds like the new US policy is this:
If you lose a war against the US, you lose your gold.
If you are the winner in a US engineered coup and your country needs to be propped up indefinitely against a nuclear armed enemy, your central bank's gold will pay for this service.
Well said.
Loads of copper weighing 45,000lbs are 1 pallet wide, 10 pallets down the middle of the trailer, and no more than a foot tall.
Gold is heavier than copper.
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