"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless."
Francis I, 16 May 2013
23 April 2012
Net Asset Value Premium of Certain Precious Metal Trusts and Funds
The premium on PHYS is about as low as I can recall seeing.
It is so low that I checked for news of a secondary offering but found none.