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Bloomberg News confirms Texas' gold isn't at NY Fed
There's a Pile of Gold in Manhattan, and Texas Wants It Back
By Lauren Etter
Friday, June 19, 2015
Texas wants its gold back from the Yankees, wherever they're keeping it.
Gov. Greg Abbott signed a law last week to build a depository for its 5,600 bars of the precious metal and, as he said in a statement, "repatriate $1 billion of gold bullion from the Federal Reserve in New York."
The gold, it turns out, isn't at the New York Fed -- it's in a rented vault in midtown Manhattan -- and is worth about $650 million. Regardless, Texas aims to bring it home. ...
... For the remainder of the report:
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