Texas Wants Its Gold Back

Discussion in 'Financial Cents' started by UncleMorgan, Jun 16, 2015.

  1. UncleMorgan

    UncleMorgan I like peeling bananas and (occasionally) people.

  2. Dont

    Dont Just another old gray Jarhead Monkey Site Supporter+++

    Would like to see Idaho follow the example of Texas..
    T. Riley likes this.
  3. CATO

    CATO Monkey+++

  4. ditch witch

    ditch witch I do stupid crap, so you don't have to

    I knew they'd demanded it back but never expected it to happen.
  5. UncleMorgan

    UncleMorgan I like peeling bananas and (occasionally) people.

    I suspect that with very little effort Texas could become the New Switzerland and wind up with more gold on deposit than California ever dreamed of mining. And right along with that, they could form the Texas International Bank, and provide snoop-free banking and investment services to clients all over the world. That could be a real boost for the local economy.
    ditch witch likes this.
  6. BTPost

    BTPost Stumpy Old Fart Snow Monkey Moderator

    and ALL without dealing with the FEDs, or their Banking System, by using State Chartered Banks..... The only issue would be that they can't print their OWN MONEY, because as long as they are in the Union, only the FEDs can Print Money, so they would have to use GreenBacks, or someone else's Currency, backed by Texas Gold.... Now if the Seceded from the Union, then, the Sky is the Limit, but I suspect that would Start the Second US Civil War....
    Dunerunner likes this.
  7. CATO

    CATO Monkey+++

  8. stg58

    stg58 Monkey+++ Founding Member

    I have been repatriating Silver, Gold and Lead for years.
    vonslob, ditch witch and CATO like this.
  9. kellory

    kellory An unemployed Jester, is nobody's fool. Banned

    Perhaps not. They can transfer gold between accounts. They would need to issue gold backed credit cards for transactions between bank clients. All gold would remain within the bank, and just get reassigned per gold contracts.(within the banking clients)
  10. T. Riley

    T. Riley Monkey+++

    State Charter or not, they would still have to have Deposit Insurance from the FederalDIC. Unless, the State chartered its own deposit insurance fund.
    Ganado likes this.
  11. T. Riley

    T. Riley Monkey+++

    You don't really own gold, silver or anything until you hold it in your hand and have the will and ability to keep others from taking it.
    pearlselby and Homer Simpson like this.
  12. pearlselby

    pearlselby Monkey++

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