Northwestern Mutual Makes First Gold Buy in 152 Years

Posted by boogerthewise on June 23, 2009

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 the company’s 152-year history to hedge against further asset declines.

http://www.bloomberg.com/apps/news?sid=ajf0L9wTPq6Y&pid=20601087

Looks like this insurer reads my blog and saw the debt chart just below.

Like this:

Be the first to like this post.

This entry was posted on June 23, 2009 at 3:48 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.