April 16, 2011

I FIND THEIR LACK OF FAITH IN BERNANKE DISTURBING: University Of Texas Endowment Storing $1 billion In Gold Bars. “The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.”

Related: World Finance Chiefs Chastise US on Budget Gap.

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