...and be the bag holder like a good little sheeple.
The government is not working in your best interests. The Fed isn't working in your best interests. The banks are not working in your best interests. You are economic cannon fodder.
The only person who is looking out for your best interests is yourself. Prepare accordingly.
There is a difference between calm, thoughtful, deliberate and panicky, half-cocked, and tin-foiled.
I agree completely that the Obama administration is not working in my interest. I am not 100% sure the Fed is working out of malice, instead it may just be a belief in the wrong approach. I also agree that nobody cares about my interest like I do.
UT wants to hold gold bullion, fine. They believe that allocation of assets will be worth more in the future. Likely it will, but so may platinum, orange juice, bauxite, or GE stock. Their portfolio adviser may have suggested this move for diversification, who knows.
Ultimately, one university purchasing a large amount of gold doesn’t spell the end or utter collapse of the global economy. Since the previous Congress and now Obama haven’t done it (though they have done a lot of damage), I am cautiously optimistic.