"Texas Moves to Repatriate
its Gold from the Federal Reserve
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..."
at http://www.zerohedge.com/news/2013-03-23/texas-wants-its-gold-back-fed
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