PHYS

Who on earth buys anything at a 20% premium?  Why, because it’s GOLD and because Ben Bernanke is blowing a monetary gasket?  That is no reason to be a dupe.  Today’s 2.38% is much more palatable. Source: PHYS – Play the premium

…at least relative to anything it has seen thus far in its short lifetime….

Over the past month, gold has quietly become the only true flight to safety. Forget the dollar: the dollar is “safe” just as long as Bernanke does not decide to pull a Sunday night comparable to what the ECB did last night and strangle the greenback with one press release: frankly it is just not … Continue reading

PHYS was added last week as a way to tag the NFTRH speculative account to actual gold as opposed to what may be going on over at GLD. If it worked out as a trade, hey great. Or it could be held longer term. The point was that I felt its management (Sprott) was of … Continue reading