“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
24 August 2011
Net Asset Value of Certain Precious Metal Trusts and Funds
PHYS continues to be interesting in the out of character thinness of its premium to NAV.