A Golden Tipping Point

A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold

Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable. That event, colloquially called a black swan in recent years, changes the prevalent perception of reality in a moment. This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price of silver literally moving in a parabolic fashion. What was missing was the cause.

We now know what it is: per Bloomberg: "The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board." And so, the game theory of a nearly 100 year old system of monetary exchange has seen its first defector, but most certainly not last. With an entity as large as the University of Texas calling the bluff of the Comex, the Chairman, and fiat in general in roughly that order, virtually every other asset manager is now sure to follow, considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x. The proverbial Nash equilibrium has just been broken.
From Bloomberg:

The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures.

Years from now, when historians attempt to define who may have started it all, one name may emerge...

The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.

“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”

In summary - the fiat tide is now going out. And among those who will first be observed swimming naked are the very same people whose fate has been so very intrinsically linked to the perpetuation of a flawed regime (and who coined this very saying). In the meantime, hold on to your hats: should a scramble for delivery ensue, the recent parabolic move in various precious metals will seem like a dress rehearsal for what is about to transpire.
The only open question is who was the broker with enough gold to deliver to the UofT. We hope to find out soon enough. We also hope that the UofT is smart enough, and that Kyle Bass advised it, that if they are getting "delivery" in a Comex vault in New York, the gold has likely already been leased out at least several times to various entities demanding paper allocations.  Submitted by Tyler Durden.

OldMrBill likes to think big, but $1 Billion in gold is beyond my vision. That said, this is my vision - http://bit.ly/enK4Ww and you should consider making it yours too.

Are You Still drinking Tap Water?

Did you know that the average adult human body is 55-60% water? (Babies’ bodies are closer to 75%.) The brain is made up of about 70% water, and the lungs, closer to 90%! This means that the quality of the water you drink has an enormous impact on the quality of your health.

Unfortunately, high quality drinking water is increasingly difficult to come by in this day and age. Most health conscious Americans know that, while we are lucky in this country to have access to water that is largely free of disease-causing microorganisms, drinking plain old, unfiltered tap water is generally not a great idea.
What’s wrong with tap water?
Recent analyses of municipal drinking water have shown that, despite government regulations, there are still many dangerous contaminants present in our water, even after it has gone through municipal water treatment facilities.
In fact, these water treatment facilities often actually contribute to the problem by adding dangerous chemicals like fluoride and chlorine to water as part of the treatment process. The water regulations and treatment methods used in the U.S. are old and outdated and do little to address the assortment of toxic chemicals that are currently present in our environment. The Safe Drinking Water Act only regulates 91 potential water contaminants. Yet there are more than 60,000 chemicals used within the U.S., many of which have been identified as probable carcinogens. According to some estimates, there are now more than 2,100 known chemical toxins present in U.S. tap water. Additionally, many municipalities transport their water in antiquated, corroded pipes, which may leach toxic heavy metals into the water after it has been treated.
Here’s a rundown of some of the chemicals that are more than likely lurking in your tap water:
1. Fluoride
For over 50 years, the U.S. government has mandated that fluoride be added to the water supply to prevent dental problems. However, current research has shown that fluoride, a chemical that is used in rat poison, does a lot more harm than good. The fluoride found in tap water has actually been shown to damage tooth enamel, increase fracture risk, suppress immune and thyroid function, increase cancer risk and disrupt the function of the pineal gland.
Many European countries have banned the use of fluoride altogether, and there is a large activist movement of people working to get fluoride banned in the U.S. Visit FluorideAlert.org to learn more.
2. Chlorine
Water treatment facilities use chlorine as a disinfectant. It effectively kills microorganisms, but also has toxic effects on the human body. Chlorine has been identified as a leading cause of bladder cancer, and has been associated with rectal and breast cancers, asthma, birth defects and premature aging of skin.
3. Radioactive contaminants
Radioactive fallout from Japan has been detected in drinking water supplies throughout the U.S. As of last week, radioactive iodine-131 had been detected in drinking water samples from 13 U.S. cities. Radioactive cesium and tellurium isotopes have also been detected at low levels in some cities. (You can view this data on the EPA’s website.) The health implications of this radioactive contamination are yet unknown, but the EPA has said it will continue to monitor the situation.
4. Pharmaceutical drugs
Recent investigations have shown that an increasing number of pharmaceutical drugs are finding their way into our drinking water. Drugs ranging from antibiotics and birth control pills to painkillers, antidepressants and other psychiatric medications are now showing up in most municipal water supplies.
5. Hexavalent chromium
Earlier this year, an Environmental Working Group report revealed that hexavalent chromium, a chemical identified as a “probably carcinogen by the EPA,” is present in high concentrations in 31 U.S. cities. This is the chemical made famous by the movie, Erin Brockovitch, which chronicled the case brought against Pacific Gas and Electric for contaminating the water in an area of Southern California and poisoning thousands of people. Yet despite its known toxicity, there are no government regulations for hexavalent chromium in drinking water.
6. Lead, aluminum and other heavy metals
Lead and other heavy metals can make their way into your tap water through corrosion of the pipes in your plumbing system. Lead consumption has been linked to severe developmental delays and learning disorders in children. Aluminum and other heavy metals have been linked to nerve, brain and kidney damage. Currently, some municipalities still transport water in lead pipes.
7. Arsenic
Arsenic is a poisonous element known to be extremely carcinogenic. The Natural Resources Defense Council estimates as many as 56 million Americans drink water containing unsafe levels of arsenic. For more information, see the USGS website, which offers maps showing where and to what extent arsenic occurs in ground water across the U.S.
So what are the healthier alternatives to tap water?
So what is the best way to ensure that the water you drink is supporting your health, rather than damaging it?
WaterPure International offers equipment that produces 99.99% Pure Drinking water From Air. There are No Pesticides, No Pharmaceuticals, No Chlorine, No Chloramine, No BPA's No Chemicals of any kind...Just pure refreshing chilled water. How can none of these contaminants be resident in our water? when you think about , it makes total sense...The were never there in the first place!  We bring water from the air to your glass and bypass the entire toxic process. we are not trying to make bad water good...we are making good water great!
Being that the WaterCycle tm produces Water from air and does not require municipal water supplies, we can  also reduce our dependence on our aquifers and land based resources and the associated toxic chemicals and equipment used in the process. This can substantially reduce our carbon footprint and provide a truly sustainable unlimited supply of pure water for consumption anywhere the conditions are right for this cutting edge green technology.
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