Installing windows 7

My current pc's HD is failing so im building a new gaming pc, but i dont want to purchase window 7 again. So, im wondering if i can make some install discs or an install files on my external HD for windows 7 OS( and just the OS no other files on the pc concern me). My current pc came with windows 7 so thats why im wondering if i can just get from this pc and put on the new one somehow.

Any Help is Appreciated
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More about installing windows
  1. nope. oem is not transferable.
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