Texas Moves to Repatriate its Gold from the Federal ReserveSubmitted by JO4RP on Sat, 03/23/2013 - 12:44
from the article:
You’ve gotta love Ron Paul. The guy is still raising hell even after he left Congress.
This is one of the most interesting stories I have read regarding the precious metals market in quite some time. It appears that Texas Rep. Giovanni Capriglione has a bill in play that would move the state’s gold from New York (where its under the “safekeeping” of the ultra shady Federal Reserve) to a depository within the state of Texas itself. The reason this would be such a big deal if it happens, is because a lot of the gold bought and sold globally is not very likely not actually owned by those that “buy” it. From my perspective, pretty much the only countries that actually buy gold and bring it within their borders are China, Russia and Iran. Most other nations that claim they “bought” gold, most likely hold a certificate that states they have gold in London or New York. So in other words, they have no gold. It looks like Texas is wising up.
Texas Wants to Start Hoarding Gold. No, Seriously.
Somebody needs to go check the water down in Texas: Governor Rick Perry (R) wants to begin hoarding gold. Perry has teamed up with state Rep. Giovanni Capriglione (R) to create a sort of "Fort Knox" of sorts in the Lonestar State. The move has many speculating if the state is seriously considering secession.