University of Texas owns $1 Billion worth of Gold

Now the the price of gold has cracked above the $1500 per ounce level and
silver has broken above $45 per ounce, it is interesting to see who the big
buyers are and how much they are investing. The endowment for the University of
Texas, The University of Texas Investment Management Co., has purchased and
taken delivery of around $1 billion worth of gold and is storing it in a vault
in New York. Will this be the beginning of a trend? If so, watch for much higher
prices.