A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion Physical

"Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable."

"This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price of silver literally moving in a parabolic fashion. What was missing was the cause. We now know what it is: per 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 fund’s board."

A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold | zero hedge

 

Log in or Sign up to hide this ad.

I'd keep them in Texas, forget New York. Weird to see a University get into the Gold game.

 

I would have never thought that a university would get into the gold game either. It is sort of odd to me.