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Posted: 7/4/2015 11:29:07 AM EDT
[#1]
Can't say I blame them.
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Posted: 7/4/2015 11:35:22 AM EDT
[#2]
Again?
Good. |
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Posted: 7/4/2015 11:43:06 AM EDT
[#3]
Quote HistoryQuoted:
Can't say I blame them. |
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Posted: 7/4/2015 11:44:09 AM EDT
[#4]
Oh I saw this one. They will steal it on the way.
The gold truck is stopped in traffic and explosives cause it to fall underground. Works every time. |
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Posted: 7/4/2015 11:48:20 AM EDT
[#5]
I have lived in Texas all my life and did not know this.
By all means get that gold out of New York. |
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Posted: 7/4/2015 11:51:07 AM EDT
[#6]
lol
The Feds response. 
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Posted: 7/4/2015 12:32:13 PM EDT
[#7]
If they drive it back some cop will probably try to seize it.
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Posted: 7/4/2015 12:50:24 PM EDT
[#8]
The gold probably does even not exist anymore, in fact I bet Fort Knox has long been pilfered and empty like Social Security funds.
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Posted: 7/4/2015 12:51:57 PM EDT
[#9]
Quote HistoryQuoted:
Can't say I blame them. FPNI. |
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Posted: 7/4/2015 12:52:32 PM EDT
[#10]
The true value of gold is about $25,000 per ounce if we ever go back to the gold standard.
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Posted: 7/4/2015 12:52:37 PM EDT
[#11]
They need the gold to pay the TXSG to monitor Jade Helm.
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Posted: 7/4/2015 12:53:28 PM EDT
[#12]
Quote HistoryQuoted:
Can't say I blame them. Me neither. Texas is looking more and more appealing to me as the days go by. Already have family living there and the way things are going; I might just jump ship and drive my ass to TX. |
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Posted: 7/4/2015 12:54:03 PM EDT
[#13]
Quote HistoryQuoted:
The true value of gold is about $25,000 per ounce if we ever go back to the gold standard. So you support rapid deflation? You must have your mortgage paid off already. |
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Posted: 7/4/2015 12:55:16 PM EDT
[#14]
Do it
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Posted: 7/4/2015 12:56:56 PM EDT
[#15]
Please let this be their first step towards secession. I will drop everything and move without hesitation. ..
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Posted: 7/4/2015 1:01:02 PM EDT
[#16]
Quote HistoryQuoted: If they drive it back some cop will probably try to seize it. HEAT 2? |
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Posted: 7/4/2015 1:05:47 PM EDT
[#17]
We've done this before. The gold is owned by the state university system, not the state per se, and its currently in a private vault, not Fort Knox or the Federal Reserve. This is much ado about nothing.
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Posted: 7/4/2015 1:06:06 PM EDT
[#18]
Quote HistoryQuoted:
The gold probably does even not exist anymore, in fact I bet Fort Knox has long been pilfered and empty like Social Security funds. |
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Posted: 7/4/2015 1:06:27 PM EDT
[#19]
Quote HistoryQuoted:
The true value of gold is about $25,000 per ounce if we ever go back to the gold standard. Which is why it will never happen. |
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Posted: 7/4/2015 1:13:10 PM EDT
[#20]
Quote HistoryQuoted:
They need the gold to pay the TXSG to monitor Jade Helm. Gold std can't be manipulated/controlled. With the current GNP-based, there's no external mechanism to promote disciplined spending. Hence why we've piled up an unrecoverable amount of debt. |
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Posted: 7/4/2015 1:23:18 PM EDT
[#21]
Quote HistoryQuoted:
Gold std can't be manipulated/controlled. With the current GNP-based, there's no external mechanism to promote disciplined spending. Hence why we've piled up an unrecoverable amount of debt. Quote HistoryQuoted:
Quoted:
They need the gold to pay the TXSG to monitor Jade Helm. Gold std can't be manipulated/controlled. With the current GNP-based, there's no external mechanism to promote disciplined spending. Hence why we've piled up an unrecoverable amount of debt. Ppfff!!! Gold! Lol... Tinfoil will be the precious metal of the future. 
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Posted: 7/4/2015 1:29:02 PM EDT
[#22]
Quote HistoryQuoted:
FPNI. Quote HistoryQuoted:
Quoted:
Can't say I blame them. FPNI. |
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Posted: 7/4/2015 1:30:40 PM EDT
[#23]
Lol, what gold?
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Posted: 7/4/2015 1:34:07 PM EDT
[#24]
Quote HistoryQuoted:
If they drive it back some cop will probably try to seize it. That would be the DEA doing an asset forfeiture. 
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Posted: 7/4/2015 1:35:10 PM EDT
[#25]
Quote HistoryQuoted: Can't say I blame them. |
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Posted: 7/4/2015 1:37:43 PM EDT
[#26]
Quote HistoryQuoted:
Ppfff!!! Gold! Lol... Tinfoil Lead will be the precious metal of the future. Quote HistoryQuoted:
Quoted:
Quoted:
They need the gold to pay the TXSG to monitor Jade Helm. Gold std can't be manipulated/controlled. With the current GNP-based, there's no external mechanism to promote disciplined spending. Hence why we've piled up an unrecoverable amount of debt. Ppfff!!! Gold! Lol... Tinfoil Lead will be the precious metal of the future. |
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Posted: 7/4/2015 2:07:44 PM EDT
[#27]
" approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank "
Ha Ha, that's pretty funny. And they probably believe the 143 tons of gold that backed Libya's Dinar is still in their treasury's vault in Tripoli.
Texas may get compensated in Fiat currency for their gold but they will never physically see it returned. Ever. |
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Posted: 7/4/2015 2:08:38 PM EDT
[#28]
Quote HistoryQuoted:
Again? Good. Yeah not news. |
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Posted: 7/4/2015 2:17:02 PM EDT
[#29]
They can wish in one hand and piss in the other. We'll see which one fills up first.
Meanwhile, I'll be getting some popcorn...BRB. |
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Posted: 7/4/2015 2:18:34 PM EDT
[#30]
Quote HistoryQuoted:
Yeah not news. Quote HistoryQuoted:
Quoted:
Again? Good. Yeah not news. This. But good |
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Posted: 7/4/2015 2:21:44 PM EDT
[#31]
If the Germans couldn't do it, the Texans sure as hell won't be able to. |
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Posted: 7/4/2015 2:22:09 PM EDT
[#32]
Quote HistoryQuoted:
Which is why it will never happen. Quote HistoryQuoted:
Quoted:
The true value of gold is about $25,000 per ounce if we ever go back to the gold standard. Which is why it will never happen. The real reason that we will never go back to the gold standard is that it would take power away from the Government. 
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Posted: 7/4/2015 2:22:44 PM EDT
[#33]
It will be very interesting to see if the physical Gold that Texas owns actually exists at that bank in NYC.
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Posted: 7/4/2015 2:29:20 PM EDT
[#34]
With the record of how much China, Russia, and India have moved over the last few years, I often wonder that the gold that we can purchase now is just melted bars "they" hold.
Gotta keep up the veneer that everything is peachy. |
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Posted: 7/4/2015 2:30:01 PM EDT
[#35]
Quote HistoryQuoted:
If the Germans couldn't do it, the Texans sure as hell won't be able to. Yeah, Germany only got a promise of 3% back in the next few years and I doubt that we have the rest. The fact Germany wanted it back tells me that they want a hedge against collapse of the Euro. Not good when you consider just how much of the EU the German economy has propped up.
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Posted: 7/4/2015 3:15:59 PM EDT
[#36]
No place to actually put it? Trust 2nd parties to look after it? Double Jeopardy!
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Posted: 7/5/2015 6:45:30 AM EDT
[#37]
Quote HistoryQuoted:
So you support rapid deflation? You must have your mortgage paid off already. Quote HistoryQuoted:
Quoted:
The true value of gold is about $25,000 per ounce if we ever go back to the gold standard. So you support rapid deflation? You must have your mortgage paid off already. Yep, and yep. As the Fram oil filter ad used to say, "You can pay me now or pay them later." But there is always a day of reckoning. This line in the article, I don't understand: "It's unclear whether repatriating it could be done with an electronic transfer or would require a fleet of planes or armored cars." Electronic transfer???? The writer does not seem to understand. Texas wants the gold MOVED back to Texas. |
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Posted: 7/5/2015 6:54:56 AM EDT
[#38]
Quote HistoryQuoted:
We've done this before. The gold is owned by the state university system, not the state per se, and its currently in a private vault, not Fort Knox or the Federal Reserve. This is much ado about nothing. Quote HistoryQuoted:
We've done this before. The gold is owned by the state university system, not the state per se, and its currently in a private vault, not Fort Knox or the Federal Reserve. This is much ado about nothing. From the article: Texas' state-owned gold is held by the University of Texas Investment Management Company See, the state owns the gold (and, by the way, it also owns the University of Texas). But the UTIMC only manages the gold and other UT investments: In order to enhance the process by which the various Funds' investments are governed and managed, the Board of Regents of The University of Texas System on March 1, 1996 contracted with The University of Texas Investment Management Company ("UTIMCO") to invest funds under its fiduciary control. UTIMCO is a 501(c)(3) corporation modeled after investment management companies organized by Harvard, Princeton, Stanford, and Duke Universities to invest their respective assets. It is the first investment corporation formed by a public university system and oversees investments in the Permanent University Fund, the Permanent Health Fund, the Long Term Fund, and Intermediate Term Fund, and other assets.
UTIMCO is governed by a nine-member Board of Directors consisting of at least three members of the UT System Board of Regents and four other members appointed by the UT System Board-one of whom may be the UT System Chancellor-and two members appointed by the Texas A&M System Board. At least three members appointed by the UT System Board and at least one member appointed by the Texas A&M System Board must have substantial background and expertise in investments. http://www.utimco.org/scripts/internet/index.asp |
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Posted: 7/5/2015 7:16:03 AM EDT
[#39]
 If the feds allow this to happen , then you'll see a 'run on the banks' as the rest of the states all try to do the same thing . This aint gonna end well. |
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Posted: 7/5/2015 7:20:54 AM EDT
[#40]
Last time i was in Texas, border patrol was 100 miles north of the border anyway.
Give them an inch!! |
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Posted: 7/5/2015 7:22:16 AM EDT
[#41]
Quote HistoryQuoted: Lol, what gold? I've got the gold right here, Pa! Lige, take a look under that there blanket. |
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Posted: 7/5/2015 8:56:29 AM EDT
[#42]
Quote HistoryQuoted:
Yeah, Germany only got a promise of 3% back in the next few years and I doubt that we have the rest. The fact Germany wanted it back tells me that they want a hedge against collapse of the Euro. Not good when you consider just how much of the EU the German economy has propped up. Quote HistoryQuoted:
Quoted:
If the Germans couldn't do it, the Texans sure as hell won't be able to. Yeah, Germany only got a promise of 3% back in the next few years and I doubt that we have the rest. The fact Germany wanted it back tells me that they want a hedge against collapse of the Euro. Not good when you consider just how much of the EU the German economy has propped up. Its the same old stack of gold being borrowed against by multiple "owners" with the interest going to its holders and it probably resides in London right now. How do you think our fractional reserve banking system got started centuries ago? One dollar paying .01% interest to the owner can become 10 dollars loaned out at 5% profit for the bank. Trouble only arises when one or more of the "co-owners" actually wants to take possession of that physical metal (or dollars). Then the excuses and delays come out. |
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Posted: 7/5/2015 8:58:51 AM EDT
[#43]
Quote HistoryQuoted:
If the Germans couldn't do it, the Texans sure as hell won't be able to. Yes I think Germany has more play than Texas . Notice how that went away rather quickly |
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