26 July 2011

Net Asset Value of Certain Precious Metal Trusts and Funds



PSLV is carrying such a large premium, and is so low on cash holdings indicating a secondary offering may be coming, that I would not buy it now personally at this price in lieu of other ways to play silver for a trade, without the intention of taking physical delivery at some point.

Additionally I would never own GLD or SLV except for the most cynical day trade, if then. But that is a preference.