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<p>[QUOTE=&quot;Clint, post: 1486383, member: 34620&quot;]This even older (not by much <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />) but right on cue...here&#039;s a neat phrase: &quot;...<span style="color: #000000"><font face="Georgia"> precious metals and commodities&nbsp; to produce returns that can be put to work as a source of funds...&quot;</font></span></p><p><br /></p><p><a href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" rel="nofollow">http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/</a></p><p><a href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" rel="nofollow"><br /></a></p><p><a href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/" rel="nofollow"><u><span style="color: #000000">&quot;</span><span style="color: #000000"><font face="Georgia">Friday,&nbsp; as gold prices hit a new all-time high – $1486 an ounce($1500 is around the corner),the University of Texas Investment Management Co., revealed that 5% of its $19.9 billion endowment(it handles Texas A&amp;M as well) was in actual bars of gold bullion&nbsp; in a New York bank vault owned by HSBC Holdings, the London based global banking institution.&nbsp; Not in any gold ETF&nbsp; or individual gold mining shares, or in gold futures;l Texas took delivery of 6,643 actual bars of bullion, or 664,300 ounces– a quite unusual transaction for a university.&quot;</font></span></u></a>[/QUOTE]</p><p><br /></p>

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