21 November 2011

Net Asset Values of Certain Precious Metal Trusts and Funds



Tomorrow is Comex Options Expirations for Gold and Silver.

Someone remarked this morning that the monied interests seem to be increasingly brazen in their actions.

I have had the opportunity to discuss these things with people more experienced than myself over the years. Before he passed on, a fellow Republican and economist Pierre Rinfret and I had a number of conversations about this.   We had common friends and experiences going back to the Nixon Administration.

It was his opinion there is always a minority element of the dishonest in any system. Their power waxes and wanes. But on a macro level, when the many are complacent and the power of the corrupt has grown, often through the capture and erosion of the law, many of the morally weak join in on the grand corruptions, and so the tenor of the age becomes more noticeably lawless.

And I think this is where we are today, at the natural conclusion of the greed cycle, where pretense is discarded, and theft becomes more brazen, and in the daylight.

It will continue until there is a reaction by the greater number of people, and they waken from their slumber. The course of corruption has momentum, because there are many who view it as their wealth and fortune, forgetting and forsaking all else for a few extra coins.

Those who mock and impede reform are not defenders of freedom, but the rot within the system, the dead wood that must be removed in order for growth to resume and flourish.