Posted 07/05/2015 08:45 am
Firstly ICTA is a for profit PAC, not some independent non profit group looking out for the interests of the little guy (even though we hobbyists benefit from their efforts).So any news release from them is definitely skewed towards how it benefits PM dealers.
Isn't that the whole premise of gold backed currency? Investments and securities backed by gold?
It is very unlikely that Texas is going to spend a billion dollars build a "New Fort Knox" in Texas, more than likely, they will sub-contract the storage to someone like Provident Metals or Dillon-Gage , who are based in Dallas and already have secure PM storage facilities.
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Why bother? That gold has been hypothecated into the real estate bubble.
Why bother? That gold has been hypothecated into the real estate bubble.
Isn't that the whole premise of gold backed currency? Investments and securities backed by gold?
It is very unlikely that Texas is going to spend a billion dollars build a "New Fort Knox" in Texas, more than likely, they will sub-contract the storage to someone like Provident Metals or Dillon-Gage , who are based in Dallas and already have secure PM storage facilities.
