With Eye on Fiscal Armageddon, Texas Set to 'Repatriate' Its Gold To New Texas Fort Knox
On Friday, Gov. Greg Abbott signed legislation that will create a state-run gold depository in the Lone Star State – one that will attempt to rival those operated by the U.S. government inside Fort Knox and the Federal Reserve Bank of New York’s vault in lower Manhattan. “The Texas Bullion Depository,” Abbott said in a statement, “will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.” Soon, Abbott’s office said, the state “will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas.” In other words, when it comes preparing for the currency collapse and financial armeggedon, Abbott's office really seems to think Texas is a whole 'nother country.
And the new depository will not just be a well-guarded warehouse for that bullion. The law Abbott signed calls for the creation of an electronic payments system that will allow gold, silver, platinum, palladium, and rhodium depositors to write checks against their accounts, making the depository into a bank – one that will create a metal-backed money supply intended to challenge the paper currency issued by the Federal Reserve - or "Yankee dollars" as one of the law's top supporters calls them. And in case the Fed or Obama wants to confiscate Texas's gold, nice try Fed and Obama! In keeping with this suspicion of the Fed and Washington, the new law also explicitly declares that no “governmental or quasi-governmental authority other than an authority of [Texas]” will be allowed to confiscate or freeze an account inside the depository. Gold that’s entrusted to Texas will stay in Texas.
The depository law is the brainchild of a second-term state representative in the Texas legislature named Giovanni Capriglione, a 42-year-old Republican from Southlake, just northwest of Dallas-Fort Worth International Airport. A private equity manager with an MBA, Capriglione was elected in 2012 after beating an seven-term incumbent with the backing of Tea Party activists. He told the Star-Telegram that when he first announced his interest in establishing a depository in Texas in 2013, he “got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository. People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold.” On his official Facebook page, Capriglione said he has “ just been overwhelmed with all of the contacts and write-ups and interviews” he’s gotten.
Fed critics herald Capriglione’s bill as a long-awaited and much-needed assault on the government’s printing press. Ryan McMaken at the libertarian Mises Institute (named after Austrian economist Ludwig Von Mises) wrote that “while the Texas depository is a government-owned enterprise, it nevertheless is an improvement since it is a case of decentralization (and arguably nullification)” that will present “alternatives to the Federally-controlled monetary and banking systems.” In what Capriglione – the depository bill’s sponsor – called “an easy to read summary of the specifics” of the law, a Tea Party site described the depository as a “game changer.” The author of the piece, a metals dealer named Franklin Sanders, wrote that “since at least 1991 I have firmly believed that whenever an electronic payments system could be established using silver & gold, it could supplant fiat currencies worldwide within two years at most, less time given a crisis. Now Texas steps forward to make it stick. And if Texas has the nerve to carry though, it will make Texas a center of world finance to rival New York and London better than Switzerland, because it contains 27,695,284 Texans and all but two of ‘em are armed & serious.” (Sanders favors the term “Yankee dollars” to describe paper currency.)
http://talkingpointsmemo.com/cafe/with-eye-on-fiscal-armageddon-texas-set-to-repatriate-its-gold-to-new-texas-fort-know
= new reply since forum marked as read
that Ron Paul talks about all the time on TV. 
(that aren't armed and "serious."
I wonder how long it'll be before someone, somewhere is determined to be holding precious-metals in this reserve that also has ties to known terrorists. Because that might be all it takes for the Feds to step in and confiscate it 
that some, or much, of the gold supposedly in storage has been sold to investors and collectors in the form of gold bullion and gold commemorative coins? Since 1980, when the American Arts series of gold medals were first struck, until today, the US mints have produced millions and millions of troy ounces of gold coins. Where did that gold come from?
Maybe this is 
territory.
Or maybe it isn't:
"On April 19, 1978, the United States Treasury Department announced that a portion of the national gold stockpile was to be auctioned through the General Services Administration (GSA) beginning on May 23, 1978, in the form of 400 troy ounces (12 kg) bars.[1] According to the Treasury, the sales were intended to "reduce the U.S. trade deficit, either by increasing the exports of gold or by reducing the imports of this commodity",[1] and to "further the U.S. desire to continue progress toward the elimination of the international monetary role of gold."[1]
https://en.wikipedia.org/wiki/American_Arts_Commemorative_Series_medallions
