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

Posted on June 17, 2015



Source: SHTFPlan, by Mac Slavo

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 ingold 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.

When Governor Greg Abbott signed House Bill Number 483 in…

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