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2015-06-02 — washingtonpost.com
``Perry's push to relocate the state's gold to a newly created "Texas Bullion Depository," in a strange way makes perfect sense. It lays bare the rationale for investing in the yellow metal to begin with, and is an excellent illustration of the strange role that gold plays in a modern economy and investors' psyches... Texas, it is worth noting, is not the only large, prosperous economy with a hard-money mentality to look to keep its gold close to home. Earlier this year, Germany's central bank said it will relocate billions worth of gold from vaults beneath the New York Fed and French central bank, guarding them in Frankfurt rather than entrusting them to central banks elsewhere.''
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