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Tennessee looking at setting up a State Bullion Depository

tincuptincup Posts: 5,401 ✭✭✭✭✭
in Precious Metals

At least studying the feasibility. Would you use such a state depository if one became available?

"Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State. A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate the everyday use of gold and silver in financial transactions in Tennessee and set the stage to undermine the Federal Reserve’s monopoly on money."

----- kj

Comments

  • MsMorrisineMsMorrisine Posts: 35,850 ✭✭✭✭✭

    The government holding your pms

    Rite

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Downtown1974Downtown1974 Posts: 6,998 ✭✭✭✭✭

    Ill post my thoughts when I’m done laughing.

  • tincuptincup Posts: 5,401 ✭✭✭✭✭

    @MsMorrisine said:
    The government holding your pms

    Rite

    Have to admit that is my opinion also!!

    ----- kj
  • TomBTomB Posts: 22,079 ✭✭✭✭✭

    Uhhhhh...no...

    Thomas Bush Numismatics & Numismatic Photography

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  • RedneckHBRedneckHB Posts: 19,682 ✭✭✭✭✭

    When will someone open a gun depository? Lol.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,605 ✭✭✭✭✭

    I'll admit, I have a few clients who cashed out (traded out) their 401K and IRA into silver and gold. I shipped it (their silver and gold). off to a depository. The gold has had ups and downs (in the market over the past decade), but anytime they want out, the gold will go to the buyer. And I've taken physical delivery of people's gold who had it stored in a depository and decided to "cash out". People can be afraid all they wish. Fear drives the market faster than electric cars.

    ``https://ebay.us/m/KxolR5

  • HigashiyamaHigashiyama Posts: 2,279 ✭✭✭✭✭

    @cohodk said: “ When will someone open a gun depository? ”

    Didn’t they have one of those in France - called the Bastille or something?

    Higashiyama
  • blitzdudeblitzdude Posts: 6,567 ✭✭✭✭✭
    edited June 2, 2021 4:25PM

    @MsMorrisine said:
    The government holding your pms

    Rite

    Ummmm that would be a big NEGATIVE, NO, NOPE, NADA

    @Higashiyama said:

    Didn’t they have one of those in France - called the Bastille or something?

    The loons in Texas have one.

    @cohodk said:
    When will someone open a gun depository? Lol.

    They already exist as well.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • taxmadtaxmad Posts: 1,026 ✭✭✭✭

    @blitzdude said:

    Didn’t they have one of those in France - called the Bastille or something?

    The loons in Texas have one.

    and those 'loons' store the gold they took back from the Federal Reserve - the only State in the Union to hold own gold...

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That will not be for me. I like my stacks where I can freely access them. Definitely not under other people's control. Cheers, RickO

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