Higher education fund buys gold over economic worries

As little as a year ago, it would have been socially unacceptable for a public institution to acknowledge gold purchases. Clearly gold has advanced into the late stages of two or early three of a three phase secular bull market. Massive general public participant should characterize the end.

Fearing unstable international financial markets and the possibility of high inflation, Texas' higher education investment managers have bought more than $500 million in gold.

Sources: chron.com