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Old 04-16-2011, 11:45 PM
 
Location: Texas State Fair
8,567 posts, read 5,217,570 times
Reputation: 4128

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I love the smell of burnt orange at sunset... or in the morning... or when banking...

Texas University Endowment Storing About $1 Billion in Gold Bars

April 16, 2011, 4:51 PM EDT

Quote:
April 16 (Bloomberg) -- 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 fundís board.
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Old 04-17-2011, 01:18 AM
 
25,169 posts, read 34,398,254 times
Reputation: 6709
Gold and Silver is the way to invest.
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Old 04-17-2011, 01:40 PM
 
Location: Abilene, Texas
8,717 posts, read 4,489,756 times
Reputation: 55516
Quote:
Originally Posted by tofurkey View Post
I love the smell of burnt orange at sunset... or in the morning... or when banking...

Texas University Endowment Storing About $1 Billion in Gold Bars

April 16, 2011, 4:51 PM EDT
From the article:
"The endowment, which oversees funds held by the University of Texas System and Texas A&M University, has 6,643 bars of bullion, or 664,300 ounces, in a Comex-registered vault in New York owned by HSBC Holdings Plc, the London-based bank, according to a report distributed at the meeting in Austin"

I'm sure the Aggies are quite fond of the loot too....lol.
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Old 04-18-2011, 05:43 AM
rwr
 
Location: Pleasanton, Texas
240 posts, read 258,273 times
Reputation: 499
Gold and silver are a good form of apocalyptic insurance. As an investment - ummmm not so much.
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Old 04-18-2011, 05:58 AM
 
16,448 posts, read 10,793,196 times
Reputation: 9202
Quote:
Originally Posted by TT Dave View Post
Texas A&M University, has 6,643 bars of bullion, or 664,300 ounces, in a Comex-registered vault in New York
If they asked for delivery today, I wonder how much is really there?

Or, if like the US gold at Ft.Knox, it has been "loaned".
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Old 04-18-2011, 06:00 AM
 
16,448 posts, read 10,793,196 times
Reputation: 9202
Quote:
Originally Posted by rwr View Post
Gold and silver are a good form of apocalyptic insurance. As an investment - ummmm not so much.
Yeah, those Aggies are notoriously stupid. It's much better to put your faith in Federal Reserve counterfeit paper.
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Old 04-18-2011, 11:43 AM
 
Location: Texas State Fair
8,567 posts, read 5,217,570 times
Reputation: 4128
Quote:
Originally Posted by rwr View Post
Gold and silver are a good form of apocalyptic insurance. As an investment - ummmm not so much.
Considering today's market drop, it may have been a prophetic move.
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Old 04-20-2011, 05:31 PM
 
53 posts, read 85,193 times
Reputation: 37
Quote:
Originally Posted by rwr View Post
Gold and silver are a good form of apocalyptic insurance. As an investment - ummmm not so much.
Unless you bought gold anytime in the past. In that case, you'd have made a profitable investment. I know precious metals (like other commodities) can fluctuate more so than say a blue chip stock, but what exactly makes this a bad form of investment?
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