Home› Precious Metals

uh-oh, they're starting to wise up

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
"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."

University of Texas Takes Delivery Of $1 Billion In Physical Gold

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • HonoluluDudeHonoluluDude Posts: 2,167 ✭
    Pierre Lasonde chimes in.
  • pitbosspitboss Posts: 8,643 ✭✭✭

    So, my being stupid, what does this mean?
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I take it to mean that we are just finishing our trek out of the foothills, to the base of the mountain.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JoesMaNameJoesMaName Posts: 1,064 ✭✭✭
    Gee, wonder why they didn't just go with the ever so convenient ETF rout? image

    ...
  • KUCHKUCH Posts: 1,186
    Gee, any fake bars in there? Will the Board make a trip to New York every year? You know, just to make sure the bars are in the vault.image
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    It means UT figured out that securities now are fluff, and the dollar's going into the tank.

    Hook 'em Horns!

    Here's a warning parable for coin collectors...



  • stuckonnightsstuckonnights Posts: 26
    Gee, wonder why they didn't just go with the ever so convenient ETF rout?

    Physical holdings are worth more when sold, typically.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I hope that is allocated gold that is ear-marked for UT. If it's a Comex, Fed, or JPM bank you can be assured the gold will be leased out. Best for them if they chose a private
    vault company. They couldn't find a vault in Texas?

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JoesMaNameJoesMaName Posts: 1,064 ✭✭✭


    << <i>...They couldn't find a vault in Texas? >>



    I had the same thought

    ...
  • hammered54hammered54 Posts: 750 ✭✭✭
    if they have that kind of money they should build there own vault.
    Successful Transactions.
    Barrytrot(2),Stupid,Savoyspecial,docq,ecoinquest, halfhunter,snman,Coll3ctor.
    wondercoin. Blue594. internetjunky.
    keepdachange. Scrapman1077.Ahrensdad, mrmom, mygrandeoso, blu62vette, Clackamas,giorgio11, adriana, cucamongacoin,
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I hope that is allocated gold that is ear-marked for UT. If it's a Comex, Fed, or JPM bank you can be assured the gold will be leased out.

    I have to think that if they are the kind of guys who would take delivery of $1 Billion in gold, that they wouldn't stand for it being in a pooled type of account, especially at Comex or JPM.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • FrankiefanaticFrankiefanatic Posts: 325


    << <i>I hope that is allocated gold that is ear-marked for UT. If it's a Comex, Fed, or JPM bank you can be assured the gold will be leased out. Best for them if they chose a private
    vault company. They couldn't find a vault in Texas?

    roadrunner >>



    one is being constructed as we speak.

  • CaptHenwayCaptHenway Posts: 32,118 ✭✭✭✭✭
    ttt
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • JoesMaNameJoesMaName Posts: 1,064 ✭✭✭


    << <i>

    << <i>I hope that is allocated gold that is ear-marked for UT. If it's a Comex, Fed, or JPM bank you can be assured the gold will be leased out. Best for them if they chose a private
    vault company. They couldn't find a vault in Texas?

    roadrunner >>



    one is being constructed as we speak. >>



    That must really irritate the smoke and mirror crowd, still better check for tungsten...

    ...
Sign In or Register to comment.