"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
31 August 2012
Net Asset Value Premiums of Certain Precious Metal Trusts and Funds
I trimmed my sails in to the long weekend.
Sprott silver continues to underperform a bit in premium compared to Sprott gold.