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overtheedge
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Texas considers repatriating university pension fund's gold - Chris Powell - GATA

"Physically transporting gold that various state entities own from New York City or other banks to Texas would be impractical from a security and logistics standpoint, Capriglione said."

"He plans to make sure the bill would not cause the state to change its overall asset portfolio to be more heavily invested in gold."

Really!

Commented 4254 days ago

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Beginning of the headline :The university pension fund's gold almost certainly is NOT being stored by the Federal Reserve Bank of New York, which stores only central bank gold. Most likely the pension fund's gold is just a matter of Comex futures contracts, claimable against gold held in Comex-approved vaults. * * * Perry, Some Lawmakers Want State's Gold Back in Texas By Emily Ramshaw and Aman Batheja The Texas Tribune, Austin Thursday, March 21, 2013 http://www.texastribune.org/2013/03/21/perry-some-lawmakers-want-state... Read More

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