Texas wants its gold back from the feds
Deep in the bowels of an office building in lower Manhattan sits more than 500,000 gold bars, with a combined weight of nearly 7,000 tons. They are in the custody of the Federal Reserve Bank of New York, which is holding them for the U.S. government, foreign governments, state governments, other central banks, and official international organizations.
Some of Texas' gold reserves are there too, and now they want them back.
Last week, Gov. Greg Abbot signed HB 483, a law creating what is likely the first-ever state-level gold bullion and precious metal depository.
.....
However, it's no secret that many in Texas have long talked of seceding from the federal government. Having a healthy gold reserve would make establishing a currency a lot easier, to say nothing of providing a solid foundation for true economic independence, and some say the Texas depository could be a first step in that direction..
Conservatives in the state have ratcheted up the rhetoric around secession in recent years. Earlier this year, a controversy erupted around a multi-state U.S. military training exercise dubbed "Jade Helm 15." It led to wild Internet-fueled suspicions that the war simulation was really a hostile military takeover.
http://www.cbsnews.com/news/texas-law-first-state-gold-bullion-depository-federal-reserve/
= new reply since forum marked as read
