18 November 2014

NAV Premiums of Certain Precious Metal Trusts and Funds - Ukraine Admits Its Gold Is Gone

Cash level in the Sprott Silver Trust has dropped below the $2 million mark. This is historically low.

The Trust needs to do a secondary offering to get those cash levels up.

The discount on the Spicer Trusts and Funds continue to be around ten percent.

The Gold/Silver ratio is still elevated at about 73.6.
The Ukraine has apparently disclosed that its gold is 'gone.'
I first noted that it was being taken on a flight for safekeeping here.   If your gold is being held for safekeeping in New York or London you may as well wait for a picture postcard, because that is the only way you will be seeing it anytime soon.
The Western central banks do not care about gold anymore, in a pig's eye.