c*****r
发帖数: 8227 | 1 真正的变现硬通货哦！Total 6,643 bars of bullion, or 664,300 ounces (18,832.
588 kilograms)
The University of Texas Investment Management Co., the second-largest U.S.
academic endowment, took delivery of almost $1 billion in gold bullion as
the metal reaches a record, according to the fund’s board.
The fund, whose $19.9 billion in assets ranked it behind Harvard University
’s endowment as of August, according to the National Association of College
and University Business Officers, last year added about $500 million in
gold investments to an existing stake, said Bruce Zimmerman, the endowment’
s chief executive officer. The holdings reached about $987 million yesterday
, as Comex futures closed at $1,486 an ounce.
The decision to turn the fund’s investment into gold bars was influenced by
Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board
, Zimmerman said yesterday at its annual meeting. Bass made $500 million on
the U.S. subprime- mortgage collapse.
“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
today in a telephone interview. “I look at gold as just another currency
that they can’t print any more of.”
Gold reached an all-time high of $1,489.10 an ounce today in New York as
sovereign debt concerns boosted demand for the metal as a store of value.
Gold has climbed 28 percent in the past year on Comex.
The endowment, which oversees funds held by the University of Texas System
and Texas A&M University, has 6,643 bars of bullion, or 664,300 ounces, in a
Comex-registered vault in New York owned by HSBC Holdings Plc, the London-
based bank, according to a report distributed at yesterday’s meeting in
Austin. | c*****r
发帖数: 8227 | |
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