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Beam Me Up Scotty. The funniest line in any news article this week.
Red State ^ | July 5th, 2015 | Erick Erickson

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.


TOPICS: Extended News; News/Current Events; US: Arizona; US: California
KEYWORDS: arizona; california; clarencethomas; gaykk; georgetakei; gold; homosexualagenda; iexasgold; libertarians; medicalmarijuana; obamanation; phoenix; texas; transfer
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To: editor-surveyor

Normally, yes. But I knew a guy who used to haul steel through the mountains in the Carolinas. He was once given a job to move gold. About a ton of it. He got paid well to do so. And he had armed escort the entire way including air cover.

No, this did not make the press until well after the fact.


41 posted on 07/05/2015 8:58:26 PM PDT by piytar (Good will be called evil and Evil will be called good.)
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To: HiTech RedNeck

Texas has appx $1B in gold, Permanent College and School Retirement investments. At $108 a bar, you can eat up your principle.


42 posted on 07/05/2015 9:00:31 PM PDT by rstrahan
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To: ClearCase_guy

China’s navy has been hauling gold for over a year.


43 posted on 07/05/2015 9:01:04 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: xzins

Definitely some funny business going on with gold. I believe the Netherlands in addition to Germany is repatriating it from here. And what happened to all of Ukraine’s gold? Poof and it’s gone, no comment from the Fed whether we took it.


44 posted on 07/05/2015 9:01:12 PM PDT by jimwatx
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To: HiTech RedNeck

That’s the only way I move my gold, and in the summer, my neck is very red.


45 posted on 07/05/2015 9:04:45 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: jimwatx

I think some of the funny business with gold is all of the stocks and mutual funds. I’m betting they don’t have control of real gold OR are even backed by real gold. I wouldn’t be surprised to hear there’s only a penny on a dollar of real gold backing these things.


46 posted on 07/05/2015 9:04:48 PM PDT by xzins (Retired Army Chaplain and Proud of It! Pray for their victory or quit saying you support our troops)
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To: xzins

New governor was sworn in this year. And Schmuck Schumer boasted of taking Texas’ retired NASA space shuttle.


47 posted on 07/05/2015 9:05:51 PM PDT by a fool in paradise ("Psychopathia Sexualis, I'm in love with a horse that comes from Dallas" - Lenny Bruce (1958))
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To: piytar

With the rubber tarp over it, it might have looked a lot like steel on the flatbed.


48 posted on 07/05/2015 9:06:41 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: ClearCase_guy; MeshugeMikey; Nachum
As I remember, Germany told the US Federal Reserve: "We want our gold back. We don't want it held in NYC -- we want to hold it ourselves, in Germany."

> And the Fed said:

"If you like your gold, you can KEEP your gold. PERIOD."

49 posted on 07/05/2015 9:07:41 PM PDT by a fool in paradise ("Psychopathia Sexualis, I'm in love with a horse that comes from Dallas" - Lenny Bruce (1958))
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To: piytar
And it would fit on one or two semis.

What is the weight? Recall that it would have to travel over bridges and other load restricted areas.

And one $700,000,000 truck is a bigger target than 4 $200,000,000 trucks.

50 posted on 07/05/2015 9:09:48 PM PDT by a fool in paradise ("Psychopathia Sexualis, I'm in love with a horse that comes from Dallas" - Lenny Bruce (1958))
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To: xzins

I wonder about the holdings of those Gold ETF’s. I believe Citibank is suppossedly holding it but they and JP Morgan are playing big games in the derivatives market. Just read this and then try to tell me that there isn’t some very fishy manipulation in the precious metals market:

http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260


51 posted on 07/05/2015 9:15:57 PM PDT by jimwatx
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To: editor-surveyor

I’m not convinced of deflation. And the Fed, imho, wants hyper-inflation.


52 posted on 07/05/2015 9:16:07 PM PDT by xzins (Retired Army Chaplain and Proud of It! Pray for their victory or quit saying you support our troops)
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To: xzins

Kyle Bass of Dallas correctly predicted the 2008 financial collapse. He is predicting another shortly.


53 posted on 07/05/2015 9:16:19 PM PDT by txrefugee (In)
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To: xzins

The ‘Feds’ are not in control.

Fiat money is worth whatever the public thinks it is worth.


54 posted on 07/05/2015 9:22:23 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: xzins

I think Texas should secede.

They won’t have to redesign the Flag though, they can just replace Texas with Puerto Rico.

Now, imagine if that Nutcase Abortion Barbie was Governor of Texas. LOL


55 posted on 07/05/2015 9:26:34 PM PDT by Kickass Conservative (They Live, and we're the only ones wearing the Sunglasses.)
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To: xzins

OK, I figured out how they can get their Gold.

FedEx, when it absolutely positively has to get there.


56 posted on 07/05/2015 9:29:02 PM PDT by Kickass Conservative (They Live, and we're the only ones wearing the Sunglasses.)
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To: a fool in paradise

Correct.

It is about 15 tons of gold. Big steel hauling rigs handle close to that, but it is nasty and they have to careful about their routes.

So OK, 4 or even 8 semis (with Texas Ranger armed escort) might be needed....


57 posted on 07/05/2015 9:29:10 PM PDT by piytar (Good will be called evil and Evil will be called good.)
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To: xzins

It is?


58 posted on 07/05/2015 9:31:08 PM PDT by 9YearLurker
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To: xzins

I would fit, but you couldn’t take it anywhere.


59 posted on 07/05/2015 9:34:51 PM PDT by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)
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To: a fool in paradise

BTW the biggest steel haulers truck around 30 to 35 tons of metal. My buddy once did nearly 40 tons of steel girders through those mountains in the Carolinas.

Then he sold his rig and quit.


60 posted on 07/05/2015 9:37:09 PM PDT by piytar (Good will be called evil and Evil will be called good.)
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