***Precious Metals Investors Club***

[Norton1973]

This is some interesting reading, i have been In and out lately, so it could have been posted:

http://www.preciousmetalstockreview.com/downloads/April%2016,%202011%20pdf.pdf

This is in the above article:

I’m often asked if it’s too late to invest in gold. It’s not. We have multiples to go as gold has not even come close to its inflation adjusted high around $2,400.
Silver has to reach about $140 to see its inflation adjusted high.
Silver may seem a bit stretched here and it’s a dangerous one to trade as it can move quicker than you can make a sandwich for lunch, but over a longer-term investment horizon I don’t think we have anything to worry about.


A Golden Tipping Point: {University of Texas Takes Delivery Of $1 Billion In Physical Gold}
Submitted by Tyler Durden on 04/16/2011 19:59 -0400

* Black Swan
* Central Banks
* Kyle Bass
* Precious Metals
* Reality



Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable. That event, colloquially called a black swan in recent years, changes the prevalent perception of reality in a moment. This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price of silver literally moving in a parabolic fashion. What was missing was the cause. We now know what it is: per Bloomberg: "The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board." And so, the game theory of a nearly 100 year old system of monetary exchange has seen its first defector, but most certainly not last. With an entity as large as the University of Texas calling the bluff of the Comex, the Chairman, and fiat in general in roughly that order, virtually every other asset manager is now sure to follow, considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x. The proverbial Nash equilibrium has just been broken.