17 September 2015

NAV Premiums of Precious Metal Trusts and Funds

If you are curious about the additional data on the top right of the spreadsheet, this is just the way in which I am tracking the market reaction to the Sprott offer for an exchange of PHYS for GTU.

As you can see the Sprott offer is almost spot on to a NAV/NAV calculation. There is a slight premium on Price/Price because of the greater discounting of GTU in its market price.

On this I am not accounting for any risks or expenses, merely the nominal market reaction.

The gold/silver ratio remains historically high at 73ish. I suspect that this is because the metals are enjoying a 'flight to safety' more than 'inflation being driven by a robust economy.' But it could be something else.