Texas Legislature Passes Bill To Create Gold Depository, Wants To Repatriate $1 Billion In Gold – Kitco

6/2/2015 – It is not just European countries that what their gold back. Texas is planning to create its own depository and repatriate $1 billion in gold bullion, currently being stories in New York.

Monday, the Texas State legislation passed a bill that was first introduced by State Rep, Giovanni Capriglione, to set up a depository in Texas. The bill has now been passed along to the Governor Greg Abbott for consideration.

According to media reports, House Bill 483 would allow the state’s comptroller’s office establish a bullion depository. The articles add that the the plan is to repatriate the University of Texas Investment Management Company’s gold holdings, which are worth about $1 billion…read more

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