Silver Bullion Trust, an all silver fund from the CEF/GTU closed-end fund group, has its roadshow going on now.
Initially it will only be available in Canada. It will trade on the TSX to start, then on the AMEX once it has risen to $75 million of assets which is a similar process used in the introduction of GTU.
It will trade in Canada in both U.S. and Canadian dollars.
The initial offering is reported to be for up to $200 million, so the $75 million threshold could be met immediately depending on the bid size of the deal.
It is expected to price at around US $10 (1 share + 1 $10 warrant) by July 29th.
This could be a interesting alternative to SLV and to CEF for those who wish to invest more heavily in silver.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception