http://www.zerohedge.com/article/golden-tipping-point-university-texas-takes-delivery-1-billion-physical-gold
A cool billion in gold! Looks like this could start a trend!
University of Texas Takes Delivery Of $1 Billion
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University of Texas Takes Delivery Of $1 Billion
by blackrabbit » Sun Apr 17, 2011 12:37 am
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
-Thomas Jefferson
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Re: University of Texas Takes Delivery Of $1 Billion
by 68Camaro » Sun Apr 17, 2011 3:04 am
That is very interesting...
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: University of Texas Takes Delivery Of $1 Billion
by Kurr » Sun Apr 17, 2011 10:03 am
“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”
Good call on that one!
Good call on that one!
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The Two Republics: http://www.whitehorsemedia.com/docs/THE ... UBLICS.pdf
Good reading: Frederic Bastiat "The Law" http://bastiat.org/en/the_law.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
The Two Republics: http://www.whitehorsemedia.com/docs/THE ... UBLICS.pdf
Good reading: Frederic Bastiat "The Law" http://bastiat.org/en/the_law.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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Re: University of Texas Takes Delivery Of $1 Billion
by tinhorn » Sun Apr 17, 2011 8:41 pm
So that's 5% of their fund's assets. Smart move, but how is it that a university is sitting on so much money? That's even more than Massachusetts hospitals have socked away.
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Press On Regardless!
Press On Regardless!
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Re: University of Texas Takes Delivery Of $1 Billion
by TXTim » Sun Apr 17, 2011 9:37 pm
This is good!
Paper is paper!
Paper is paper!
Beer is my currency
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Re: University of Texas Takes Delivery Of $1 Billion
by Neckro » Sun Apr 17, 2011 9:45 pm
One hell of an expensive education.
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Re: University of Texas Takes Delivery Of $1 Billion
by shinnosuke » Mon Apr 18, 2011 7:33 am
tinhorn wrote:So that's 5% of their fund's assets. Smart move, but how is it that a university is sitting on so much money? That's even more than Massachusetts hospitals have socked away.
One word: Texas
Get over it.
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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Re: University of Texas Takes Delivery Of $1 Billion
by franklin » Mon Apr 18, 2011 7:44 am
It is part of the Permanent University Fund that was set up, I believe, in the late 1800s as funding for some state universities, primarily UT and Texas A&M. Primarily is from the west Texas oil fields that the state owns. Use by the universities is restricted to mostly new buildings and capital improvements.
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Re: University of Texas Takes Delivery Of $1 Billion
by Sheikh_yer_Bu'Tay » Tue Apr 19, 2011 6:40 pm
tinhorn wrote:So that's 5% of their fund's assets. Smart move, but how is it that a university is sitting on so much money? That's even more than Massachusetts hospitals have socked away.
It is an endowment fund. The principal of endowments is mostly left alone. The fund generates interest and the interest is used to fund things. With a typical endowment fund, you only spend the interest it generates. That leaves large sums of liquidity just sitting around gaining interest.
When I die, I want to go like Grandpa did. He died in his sleep..... Not screaming and hollering like all the passengers in his car.
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Re: University of Texas Takes Delivery Of $1 Billion
by rickygee » Tue Apr 19, 2011 7:55 pm
Ah, yeah, that's right we bought a billion dollars in gold and we're letting a bank in NYC hold it for us. That's about as physical as a 
, never mind. I smell fish.
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Re: University of Texas Takes Delivery Of $1 Billion
by John_doe » Mon Apr 25, 2011 2:05 am
Why didn't they buy 5-10 years ago? They would have got a lot more bang for their billion bucks.
Leave it to Texas.
Leave it to Texas.
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"You can't control the wind, but you can adjust your sails."
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