From Zero Hedge:
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 it's due to a change in conventional wisdom, an exogenous event, or 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."
Read full article...
More on gold:
When the long-awaited gold mania could begin
A tiny European nation just stopped selling gold
What could happen to gold when interest rates rise