2011-04-19guardian.co.uk

``Interviewed today by Pimm Fox on Bloomberg Television, Tocqueville Gold Fund manager John Hathaway was ambivalent about the necessity for the University of Texas' endowment to take delivery of its gold investment, presumably switching out of the exchange-traded fund GLD into metal in direct possession. But Hathaway was confident that the endowment's gold purchase will legitimize similar purchases by institutions.''



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