Gold trusts are just the most recent variation on gold-backed money. The same process of over-commitment will inevitably creep in.

This Woewodski b.s. is actually impressing some guys who post on other boards. I always thought it was a non-issue. More damaging to us is the missed step-out hole; it reminds us that we can miss on the big one.

Now we see which way BVG drifts pending more serious assays.