Texas Gold Bill Becomes Law, State to Remove $1B Worth of Bullion From New York
By GCRU Gold News on Sunday, June 14 2015, 00:55 - Permalink
Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.
Bass is implying that there is much more financial gold out there than physical, and that it is prudent to actually hold the physical.