Why do you think that the State of Texas moved their gold reserve back to Texas from bank in NY?
This is not a new problem, it is only worse than it was before.
When Texas moved the reserve, they did not transfer the gold from NY. They sold it and bought known quality to replace it.
Very Very smart move. Like him or not, Rick Perry brought that about.
There was a proposition on the GOP Primary ballot that took place last Tuesday.
PROPOSITION 7
The Texas Legislature should establish authority within the Texas State Comptroller’s office to administer access to gold and silver through the Texas Bullion Depository for use as legal tender.
Yes — 8,351 (77.68%)
No — 2,400 (22.32%)
Good post—outstanding street smarts from Texas.
When it comes to financial matters trust no one ever.