NAV Premiums of Certain Precious Metal Trusts and Funds - Another Sprott Gold Redemption

There has been another redemption of bullion from the Sprott Physical Gold Trust.

Someone has redeemed units in the Trust to obtain 36,915 ounces of gold bullion.

Physical gold is not plentiful in the West at these prices.

The premium on the Sprott Physical Silver Trust has moderated significantly from its recent levels.

Given the cash on hand for the Trust, it would not be unreasonable to expect a secondary offering for the Trust to raise some cash by sometime early next year.

How Andrew Jackson Killed the Second Bank of the United States

Jeremy Scahill: Inside America's Secret Wars

"You're ceding your conscience to a political figure. That's what a lot of liberals have done. They've ceded their conscience to Obama because they trust him. What better person for the Empire to have sell this to liberals than a Constitutional law expert, Nobel Peace Prize-winning, first African-American President. I mean, it's incredible.

Somewhere Cheney is sitting at that ranch, or fly fishing somewhere and at the back of his head he has to be thinking, "Thank God that Obama is president," 'cause the next time a Republican comes in, and they want to do all these things, liberals aren't going to have much of a leg to stand on in saying "We're against this," because they're going to have to admit, 'Well, we're only in favor of it when our guy is in office,' and that's a pretty shameful way to dictate your conscience."

Jeremy Scahill

Gold Daily and Silver Weekly Charts - It Is Whatever We Say It Is

“Now listen to the first three aims of the corporatist movement in Germany, Italy and France during the 1920s. These were developed by the people who went on to become part of the Fascist experience:

• (1) shift power directly to economic and social interest groups;
• (2) push entrepreneurial initiative in areas normally reserved for public bodies;
• (3) obliterate the boundaries between public and private interest -- that is, challenge the idea of the public interest.

This sounds like the official program of most contemporary Western governments.”

John Ralston Saul, The Unconscious Civilization

"Arbitrary power is most easily established on the ruins of liberty abused to licentiousness."

George Washington

 

Belgium has come forward and is considering whether to repatriate its gold reserves.

 

The Non-Farm Payrolls Report Day went largely as expected.

Vile creatures lie to us, and we pretend to believe them.

 

It is drafty and dangerous, living in a house of cards.

Have a pleasant weekend.