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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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