The PSLV premium seems on the historically cheap side, but the fund is still digesting their latest shelf offering that added units and is still adding silver it appears.
The cash level is high.
"'Whoever is faithful in small matters will be faithful in great ones; and whoever is dishonest in small matters will be dishonest in large ones. No servant can serve two masters; for they will hate the one and love the other, and will be devoted to one and despise the other. You cannot serve both God and Mammon.' When the Pharisees heard this, they sneered at him, because they loved worldly possessions and the trappings of high regard." Luke 16:10-15
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack even on the least of men is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." Dietrich Bonhoeffer
"LET US COMMEND OUR PAST TO HIS ABUNDANT FORGIVENESS, AND TRUST OUR FUTURE TO HIS Loving KINDNESS AND TENDER MERCY. LET US PERMIT OURSELVES TO BE FASHIONED ACCORDING TO HIS WILL, NOT FOR HIS SAKE, BUT FOR OUR own. REMEMBER TO FEED THE LEAST OF HIS CREATURES, THE BIRDS AND ANIMALS. AND THE HEARTS OF THOSE YOU MEET, WITH A KIND WORD AND A SMILE."
"A credibility trap is when the managerial functions of a society have been sufficiently compromised by corruption so that the leadership and the professional class cannot reform, or even honestly admit and address, the problems of the corrupted system without implicating a broad swath of a powerful elite, including themselves.
The moneyed interests and their enablers tolerate the corruption because they have profited from it, and would like to continue to do so. Discipline and silence is maintained by various forms of soft financial rewards and career and social coercion."