HB 3505
Relating to the establishment and administration of a state bullion depository and the investment of certain public money in precious metals and depository accounts.
Perry is doing more foundation work for the Republic to ensure she can stand on her own feet soon.
the governor said Texas was “in the process” — the legislative process, he later clarified — of “bringing gold that belongs to the state of Texas back into the state.” He argued that the state was at least as capable as the Federal Reserve of safeguarding Texas’ “physical gold.”
“If we own it,” Perry said, “I will suggest to you that that’s not someone else’s determination whether we can take possession of it back or not.”
