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University of Texas Endowment Investing in Gold

http://www.bloomberg.com –

Taking a cue from Harry Browne, the firm responsible for managing the endowment that pays the bills for the University of Texas has invested nearly a billion dollars in gold bullion as a hedge against inflation. Board members specifically cited concern over the Federal Reserve's unreserved printing of paper dollars as a motivation for the purchase.

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celestrion's picture
Created by celestrion 2 years 8 weeks ago
Category: Money   Tags:

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