Monday, June 01, 2009

NW Mutual buys gold ...

From Bloomberg:

Northwestern Mutual Makes First Gold Buy in 152 Years (Update1)

By Andrew Frye

June 1 (Bloomberg) -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time in 152 years to hedge against further asset declines. ...
Read the story here.