Texas Announces New Gold-Backed Bank (VI)

Posted by on Jul 16, 2015 in Mr. Truthseeker, U.S.A. | One Comment

Source: https://ghostgen.com/texas-announces-new-gold-back-bank/

Texas Announces New Gold-Backed Bank

By ghostgen / 4 Comments
From Texas:

Texas Announces New Gold-Backed Bank

Governor Greg Abbott today signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from New York to Texas. The bullion depository will serve as the custodian, guardian and administrator of bullion that may be transferred to or otherwise acquired by the State of Texas. Governor Abbott issued the following statement:

“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository 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.”

1 Comment

  1. chris
    July 16, 2015

    hey, when you decide the name of the bank,,,start a facebook page so we can all follow AND let you know we are interested…