Texas Wants Its Gold Back From The Fed

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Published : March 25th, 2013
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Category : On the Web
Zero Hedge, in its March 24, 2013 article, reports that Texas Wants Its Gold Back From The Fed.

Extract :

 

 

 

 

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.

 

 

Read the rest of the article at Zero Hedge
Data and Statistics for these countries : China | Iran | Russia | All
Gold and Silver Prices for these countries : China | Iran | Russia | All
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