This is ringing some bells from last year - I think the earlier purchase was reported as well. Ah-ha - found it - http://forums.silverstackers.com/to...ion-fund-buys-gold-over-economic-worries.html - July last year.
Someone knows what fiats getting ready to do. This sucks, At $35 I came just this close to laying out $5k on silver. Well, I settled for a kilo only. Now, I 43.24 and skyrocketing, Im kicking myself. Of course, its all about hindsite right?
"If you own a paper contract where they can only deliver you 10 cents on the dollar or less, you should probably convert it to physical," said Bass, who isn't related to Fort Worth's billionaire Bass family. He said holding cash wasn't a better choice because the rate of inflation exceeds money-market rates by 2.5 percent to 3 percent, eroding the value of cash. "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 April 15 in a telephone interview. "I look at gold as just another currency that they can't print any more of." http://www.bloomberg.com/news/2011-...ment-holds-almost-1-billion-in-gold-bars.html
http://www.24hgold.com/english/news...ivery.aspx?langue=en&article=3439434684G10020 Interesting article by Bron
That article can also be directly on Bron's blog at http://goldchat.blogspot.com/2011/04/ambivalent-about-taking-delivery.html
It's not paper gold but it is stored in the CRIMEX so it might as well be. You'd think given they're smart enough to buy physical gold they'd be smart enough to put the 20 or so tonnes in a vault on their 500 acre campus so they don't find the govt passing the next EO 6102 and pinching their holdings, store it on their own campus and use it to help Texas secede when the USD collapses and the rest of the nation goes to shit.
