Comment: Game Changer...

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DJP333's picture

Game Changer...

The Teachers Retirement System of Texas will be able to invest in physical gold? As of Aug 2012, the TRS of Texas had $109,993,231 in investments. What other investment will give you a 450% return on your investment in 10 years? Wall Street? Savings account? I don't think so. Should you own some precious metals right now? Um,yeah!

Balance sheet of TRS 2012, p.18 of:
http://www.trs.state.tx.us/about/documents/cafr.pdf

10 year gold chart:
http://www.kitco.com/charts/popup/au3650nyb.html

Living in, and doing most of my business in Texas, this story makes me smile.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."