Wassail, traveler, and welcome to The Gable Grey -- a place of retreat, of renewal, and of resistance: a tree-shaded refuge in Dark Times. Now pass the threshold, and rest from journeys! For a cold wind is blowing; and here, if you wish, you may hear tidings of the world without...

Friday, August 19, 2011

The New (Old) Reserve Currency

After dipping to around $38 following last week's magnificent market meltdown (MMM), Silver has again topped $42.  Good girl!  Meanwhile, big sister Gold is reaching for $1900/oz. as of this morning.  Will she make it before September?  Will she make $2000 by autumn?  Hardly matters to me, since I can't afford the yellow metal, but it sure is fun to watch.

No comments:

Post a Comment

Whiles carried o'er the iron road,
We hurry by some fair abode;
The garden bright amidst the hay,
The yellow wain upon the way,
The dining men, the wind that sweeps
Light locks from off the sun-sweet heaps --
The gable grey, the hoary roof,
Here now -- and now so far aloof.
How sorely then we long to stay
And midst its sweetness wear the day,
And 'neath its changing shadows sit,
And feel ourselves a part of it.
Such rest, such stay, I strove to win
With these same leaves that lie herein.

-- William Morris, from
"The Roots of the Mountains"