The nation's second-biggest academic endowment fund just took physical delivery of $1 billion dollars worth of gold. That's 5% of the value of the fund.
And they don't trust the ETFs or COMEX futures.
If major institutions like this are starting to wake up to precious metals as an investment class, watch out! As we've pointed out before, there ain't that much gold to go around. Not everybody can get to a 5% weight in gold without gold being at multiples of its current price. Do you have your 5% yet?
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
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I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.