Jim Rickards: Texas to Hoard Gold & Create Fort Knox of Texas!

Texas goldJim Rickards joins Lauren Lyster with the Yahoo Daily Ticker to discuss gold, and plans for a Texas Depository run by the state of Texas that holds gold and will protect it from Federal confiscation under the 10th Amendment.
The proposed legislation would allow Texas pension funds to invest in PHYSICAL gold (such as the Texas Teachers Retirement fund, one of the largest pension funds in the world after CALPERS) and would create the Texas bullion depository- the Fort Knox of Texas!  
Furthermore, the bill contains a clause nullifying any confiscation of gold by the Federal government!

Assuming the legislation passes, it may be looked back upon one day as the first step in the State of Texas seceding from the USSA.


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