I GET FIRST PICK OF THE CARCASS... (urp)
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.
....
(Excerpt) Read more at zerohedge.com ...
Someday the Republic of Texas will live again as an independent nation.
That is an option.
That is a ridiculous statement if you stop and think about it. The gold is not co-mingled. Germany's gold is in Germany's vault, Algeria's gold is in Algeria's vault, and so on and so forth. Each depositor has its own vault, regardless of how much bullion they have in storage. Each country's bullion has its own unique proof mark on each bar. And in many cases the bars themselves are of a unique size, shape, and weight so it would be impossible for the Fed to do some sort of sleight-of-hand and pass off one country's gold bars as belonging to another country.
Very interesting.......
I have no reason to doubt that the University of Texas Investment Management Corporation has gold holdings, and if they say they're worth a billion dollars then I don't have any reason to doubt that either. But however much gold they have, it is not stored in the gold vault of the New York Federal Reserve Bank since the Fed does not provide service to private corporations. Based on what an earlier poster uncovered, the gold appears to be stored at the New York branch of HSBC.
Better get the Gold out of New York City.
According to ABC, New York City is under water.
No, the article is a little confusing. It IS the State of Texas. UT gold purchase/deposit is a separate item.
Here’s more...
Texas. Governor Abbott issued the following statement:
“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.”
Very interesting.
Ordinarily this would be the case, but I suspect so much hanky-panky has been going on between the government and these corporations, who knows how the rules might have been rewritten? The level of trust here is approaching zero.
I LOVE our Governor! He proves there may still be decent, principled public servants. Restores my faith. A little.
Same here ;-)
zot
As a matter of fact, yes. I have stickers - and in one case a license plate - on my vehicles that say “Molon Labe”. Makes for great conversation when someone sees ancient Greek and asks, “What does that say?”...
Wrong.
Assuming public office through fraud is a crime.
A-fricken-MEN.
That despicable order convinced me of the nature of the Beast.
That post # 13 is nutbaggery of a sort I haven’t seen before.
UNDERSTANDING FEDERAL AND NATIONAL GOVERNMENT AND THE BASIC POWERS OF EACH
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