Texas Signals New Gold Rush: “Governments Have Lost Trust in New York Depositories”

Tuesday, June 16, 2015
By Paul Martin

Mac Slavo
June 16th, 2015

Grab your gold, and hold on!

The financial wizards who have declared precious metals to be a treasure of the past in this interconnected and digital world of currency and trade may have a few things to reconsider.

It is now official – Texas House Bill #483 was passed and signed into law by Gov. Abbott, establishing a Texas Bullion Depository to house billions of dollars in gold owned by Texas’ university investment firm UTIMCO, as SHTF has long reported, and, of course, other interested parties looking for a safer haven than the notoriously corrupt banking sector in New York.

As Money Metals Exchange explains, Texas’ move to repatriate gold is a big deal, centered around distrust of Wall Street financial markets and a keen eye on schemes surrounding the physical possession of gold.

The Rest…HERE

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