American hedge fund billionaire George Soros is back in the headlines after revelations that the shadowy political donor has been hiding his fortune from US regulators with at least three offshore companies, including Mossack Fonseca, the firm exposed by the Panama Papers leak. While it seems like this slipped by the mainstream media, another controversy seems to have even more so. The notorious billionaire has sold off an entire third of his stocks and bought a $264 million share in the world’s largest gold mining company. If history teaches us anything, Soros is a great financial mastermind who hatches schemes with global impact. Gold expert and Regal Gold Assets CEO Tyler Gallagher joins “News With Ed” to talk about it.
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David Edwards | Raw Story | March 22, 2013
Texas Gov. Rick Perry (R) and freshman state Rep. Giovanni Capriglione have a plan to create a “Fort Knox of Texas” so that the state can start hoarding gold.
Giovanni has filed a bill to establish a Texas Bullion Depository to store the $1 billion worth of gold bars that are owned by University of Texas Investment Management Co. (UTIMCO), which are currently being housed by the U.S. Federal Reserve.
Speaking to conservative radio host Glenn Beck on Tuesday, Perry said that lawmakers were in the process of “bringing gold that belongs to the state of Texas back into the state.” Beck has been a longtime paid spokesperson for the precious metal seller Goldline, which agreed to refund up to $4.5 million to former customers last year after being sued for marking up gold more than 50 percent.