In fact, all he would probably have to do is ammend this Executive Order to include gold.
Posted on 06/13/2015 2:12:39 PM PDT by Rockitz
The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government.
From 2011:
"The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board."
The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.
“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”
And now, after we noted the possibility previously, as The Epoch Times reports, Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.
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(Excerpt) Read more at zerohedge.com ...
hmmm indeed. “the times they are a changin”....
HA! Good luck FINDING it! ;)
They wouldn’t give Germany its gold back. Let’s see if Texas has any more luck.
Wonder how long it will take to get it back? For some of these European countries that sent it to NY for World War II it has taken years.
I’m a Gold Bug. If it’s not in my hand, it doesn’t exist. :)
They’ll be paid in EFT ones and zeros. lol
Look for gold to go up as they complete the facility...
Sounds like it’s actually the University of Texas that is retrieving the gold. It seems unlikely that a supposedly low-tax state would accumulate that much in liquid assets in its general fund.
Asking for their gold back and actually getting their gold back are two different
issues.
That gold, is probably long gone. If so, this will be the beginning of the
SHTF moment,
Ummmm, guys, possession is 9/10s of the law, and if NY has your gold, the USA has your gold. Store it in Texas, unless you're just interested in symbolism.
The Republic of Texas may yet arise again...
The People have a right to alter or abolish the US Constitution. See Federalist No. 78, Alexander Hamilton. An ineligible President cannot be removed or prevented from taking office because he is there by the will of the People. An ineligible President voids the US Constitution.
It is time to start organizing for the development of a national governing document. Email svenmagnussen@conventionforamerica.com to start a ping list.
Texas has no gold at the New York Federal Reserve Bank. Any gold they have in New York would be stored at one of the commercial banks.
HB 483 is the bill number.
Where will they build the Texas Repository?
In fact, all he would probably have to do is ammend this Executive Order to include gold.
Germany can have their gold back any time, though moving 1,500 tons of gold isn't the easiest thing to do.
Texas has no gold in the New York Federal Reserve Bank.
whoa.....Im getting a wee bit nervous.
Only now?
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