Canadian Mining Journal

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Editorial: Texas to build its own gold depository



When the average person thinks about Texas, a few words and phrases quickly come to mind: old-school, wealthy, isolationist, entrepreneurial and open-carry.

Happily we can roll all these elements into one perfect Texas story for gold bugs: the news that the state government is on track to build its own gold depository to store the state and anyone else’s bullion on good Texas ground, separate from the federal government’s massive hoard and greedy New York banks.

It started a little over a year ago, when Republican Texas Governor Greg Abbott signed a bill into law in Austin to “repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas.”

Read the entire story at www.NorthernMiner.com/commodities-markets/editorial-texas-build-gold-depository