The Daily Paul has been archived. Please see the continuation of the Daily Paul at Popular

Thank you for a great ride, and for 8 years of support!

Comment: Resolution for Bullion Depository

(See in situ)

In reply to comment: GOLD STANDARD RESOLUTION (see in situ)

Resolution for Bullion Depository

Texas Bullion Depository

Whereas, the State of Texas is capable of protecting and managing it's
monetary assets which includes large amounts of gold bullion held in New
York banks, and
Whereas, precious metals are a safeguard against inflation and currency
devaluation, and
Whereas, it is in the best interests of the State to retain full control
and possession of it's wealth;

Be it resolved that the Texas Legislature establish a bullion depository
within the state under the guidelines set forth by H.B. 3505 authored by
Capriglione, and
Be it resolved that the State of Texas be enabled to invest and carry
out transactions in precious metals as a hedge for economic and monetary