Texas university endowment's gold investment will prompt others, Lassonde tells King World News Submitted by cpowell on Sun, 2011-04-17 00:28. Section: Daily Dispatches
9:11p ET Saturday, April 16, 2011
Dear Friend of GATA and Gold:
Interviewed today by King World News, gold mining entrepreneur Pierre Lassonde predicts that the huge investment in gold by the endowment fund of the University of Texas will prompt other institutional investors to invest in real metal. An excerpt from the interview has been posted at the King World News blog here:
The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion as the metal reaches a record, according to the fund's board.
The fund, whose $19.9 billion in assets ranked it behind Harvard University's endowment as of August, according to the National Association of College and University Business Officers, last year added about $500 million in gold investments to an existing stake, said Bruce Zimmerman, the endowment's chief executive officer. The holdings reached about $987 million yesterday, as Comex futures closed at $1,486 an ounce.
San Gold Signs Financing and Option Agreement with Canadian Arrow Mines
WINNIPEG, MANITOBA--(Marketwire - June 27, 2012) -
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) ("San Gold") is pleased to report that it has entered into an option agreement (the "Agreement") with the Canadian Arrow Mines Ltd. (TSX VENTURE:CRO) ("Canadian Arrow") properties located northeast of Rainy River, Ontario.
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