Texas Gives Wall Street Bankers The Gold Finger

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Author	Replies: 5 / Views: 1,466
CCFPress Press Manager United States 1420 Posts	Posted 06/16/2015 7:29 pm Money Metals Exchange - When Governor Greg Abbott signed House Bill Number 483 in his own hand on Friday, Texas gave a big gold "finger" to Wall Street and will soon bring $1 billion in gold bars back to the Lone Star State. The University of Texas made headlines in 2010 by adding more than $500 million in gold to their endowment. The decision to plough half a billion dollars into gold was only the first chapter of the story. Perhaps the bigger news was the choice not to simply buy shares in a gold ETF or gold futures contracts. Custodians decided to buy physical bars instead - signaling a distinct lack of faith in paper gold. Like most gold investors, they have seen very little to inspire confidence since. Read the Entire Article Report this Post to the Staff

SilverStackerKid Pillar of the Community United States 6478 Posts	Posted 06/16/2015 9:52 pm Quote: $1 billion in gold bars That caught my attention, Report this Post to the Staff
Hibernias Valued Member United States 100 Posts	Posted 06/16/2015 10:07 pm Wow. That's a lot of gold. Report this Post to the Staff
pepactonius Pillar of the Community United States 9395 Posts	Posted 06/16/2015 11:56 pm It would be interesting to see what might happen if the Federal government someday confiscates gold again. Would Texas turn in their gold to the Federal Government, defy the Feds, or just secede? Report this Post to the Staff
nalaberong Pillar of the Community Canada 2805 Posts	Posted 06/17/2015 12:56 am The University of Texas would, naturally, declare independence from the rest of Texas. Report this Post to the Staff
SilverTracker Pillar of the Community United States 589 Posts	Posted 06/17/2015 06:29 am What gets me is that people are not understanding that Texas is sending out a big message about the lack of faith in our current monetary system, meaning paper fiat money. Report this Post to the Staff
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