Gov. Rick Perry has been ridiculed for wanting to move the state’s gold reserves back to Texas. Speculation about his motivation centers on the possible secession from the union to bolstering the state’s economy after a possible financial collapse. However, there is also the Goldfinger possibility – one in which the gold reserves become contaminated by a dirty nuclear device. Even geopolitical strategists warn of the increased possibility of such an event, especially in New York City.
In the Goldfinger plot, a “device” was smuggled across the Mexican border with the purpose of eliminating a sizable amount of gold from the market – thereby increasing the value of gold. With the lack of border security, that scenario still remains a possibility and a prudent manager would diversify the location of their gold reserves.