Pension plan asset allocation that is theoretically and empirically stupid has been redefined as being prudent, thereby leading to a massive misallocation of pension plan assets. More importantly, since the US monetary system is dishonest, as well as many of the asset allocations being prima facie fraudulent, pension plan trustees have a fiduciary responsibility to allocate pension plan assets to the most liquid and reliable medium: gold. And, for further protection for pension plan beneficiaries, trustees should take delivery. – This lecture was prepared in October 2010.
More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11
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