Texas Wants Its Gold Back Inside State’s Corders

by WILL WEISSERT | Associated Press  |  published on July 5, 2015

GOLD_26867AUSTIN, Texas — Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum.

Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts – not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank, for some harken back to century-old fears about the security of currency not backed by shiny bullion.

The Legislature’s decision this summer to bring its gold cache home was hailed by many conservatives, and even some on the far left, who are suspicious of national government.

  • donemyhomework

    They have a right to be suspicious. HR Bill 2847 and FATCA. And Presidential Orders and Directives that add to the mix.

  • TexRancher

    Excellent move! The more Texas brings back, the more that is safe from Obama and his merry band of socialists!

  • paul gionet

    you can’t get what has been gone for who knows how long. fort Knox is full of phantom gold.

    • TexRancher

      Texas gold is not in Ft. Knox!

  • carpkiller

    I do not think they will get it. obama has coated too many muslum temples with our gold. He has rebuilt hundreds of them. The rest of it went to terrorist.

    • adbj102

      Killery admitted to giving away 9 billion to “beautify mosques”. Now of course the liberals say, ALL of us were wrong, she didn’t say that on national TV! I’m guessing the world bankers have moved it to Switzerland years ago!

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