Copper $ 5.359 / lb -2.36%

Brent Crude Oil $ 61.12 / bbl -0.78%

Palladium $ 1542.7 / ozt 0.44%

Crude Oil $ 57.44 / bbl -0.78%

Natural Gas $ 4.113 / Btu -2.79%

Silver Futures $ 62.007 / ozt -3.09%

Aluminum Futures $ 2788 / ton 0.00%

Micro Gold Futures $ 4360 / ozt 0.37%

Micro Silver Futures $ 62.007 / ozt -3.08%

Platinum $ 1762.5 / ozt 2.89%

Gold Futures $ 4328.3 / ozt 0.45%

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Texas University’s $1 billion in gold bars

Seeking Alpha | April 19, 2011 | 2:25 pm Precious Metals Gold

Institutional investors are no doubt recoiling on news that one of their very own – the $20 billion Texas University Endowment Fund – has taken a $1 billion position in dumb ol’ gold bars, stored on their behalf in New York vaults, collecting dust but earning no interest and paying no dividend.