Your article just says it is held in a New York bank vault owned by HSBC Holdings. The Federal Reserve leases out vaults to banks and even other countries. That is also where Germany's gold is supposedly kept, though they won't let them see or audit it and say it will take 7 years to ship it back.

The University of Texas and Texas A&M are state universities, founded and operated by the State of Texas.

OK - I get it now, and I don't.

This isn't exactly "Texas" that's got the gold - it's the university. And this is recent - not from the pre-statehood era.

But according to this:
http://www.forbes.com/sites/robertlenzne...
...the gold was being stored in a private vault as recently as 2011. When did the federal reserve become involved?

I'm surprised Texas ever had $1B worth of gold to begin with, and even MORE surprised that at some point in the past they said...let's just let the Federal Reserve watch that stuff!

There's got to be an interesting story here. Did this come about during the Roosevelt confiscation?