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U. of Texas Sold Some of Its Gold Holdings

U. of Texas Sold Some of Its Gold Holdings
April 25, 2013

The University of Texas Investment Management Co., which has attracted attention for its major purchases of gold, is shifting strategy a bit, Bloomberg reported. With gold prices falling, the Texas fund sold $375 million in gold bars (from a total of what had been $1.4 billion in such holdings) and used the proceeds to buy gold futures and equities.

 

 

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