texas university buys $1 billion of gold bars, page-2

Here's what Pierre Lassonde had to say... suggesting this is the start of large US institutional buying:


With gold closing at new all-time highs and silver closing at new multi-decade highs, today King World News received word from legendary Pierre Lassonde, former CEO of Newmont Mining, that Texas University now holds $1 billion worth of gold bars.

Lassonde stated, "This is another turning point in the gold market. It's the first large institutional holding of gold and they are quite public about it."

"We would expect many others to follow as they are basically lemmings directed by the many consultants who 10 years ago told them not to bother with gold at $250 an ounce, but can't wait to get them in at $1,400 an ounce! God bless, this gold market is going higher."


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/16_Pierre_Lassonde_-_Texas_University_Buys_$1_Billion_of_Gold_Bars.html