I sent an email to the PSLV fund and asked if they would consider posting on their web site a time series chart of the premium. the IR person who responded to my request said they would pass along this request to the management team.
I just bought a huge amount (for me) of PSLV today, relying on Eric Sprott's reputation and the fund's assurance that they actually hold the physical metal. I did this without knowing ANYTHING about the "premium", which is so much discussed here (idiot me). Could someone please try to explain the "premium" and its effect on someone like me? Does it adversely affect my investment? When I sell will I get the then retail price per share? That is all that I am really interested in. Thanks in advance.
this chart at the link you provided does plot the current price and the NAV. It does not have a plot of only the premium to the NAV. On the PSLV web site the premium is plotted as a histogram, not as a time series.
The NAV for PHYS (sprot gold) was negative yesterday.
The ratio of gold to silver is under 40. The time for gold outperform silver is near.
Added to PHYS yesterday. Holding PSLV. Buying coins ( Maple and Eagles ) on a monthly basis.
Note - The ratio of silver to gold could go below 20, but the average over the last 100 years remains at 50 to 1.
Silver has been a better investment for the past few years. Gold should begin to catch-up soon.
Either way - The FED will continue to print dollars and debase the currency. The US Dollar will not go to zero, not in our life time. But a falling US Dollar and rising inflation, both gold and silver have room to run on the upside.
Do not wait for $50 or $70 silver to buy. Continue to add some each month to your positions.
"The US Dollar will not go to zero, not in our life time."
I agree with this statement in principle. However, it's interesting to note that since the creation of the federal reserve in 1913 (whose mission, by the way, was to preserve the purchasing power of the dollar), the dollar has lost 97.8% of it's value. So while the dollar is not worthless, it is now only worth 2.2 cents in 1913 money. It will continue to fall but, you are right, it will never fall to 0. It will probably only be worth fractions of a penny in a few years, but that is still not worthless.
In ancient times silver was more valuable than Gold. After the discovery of the new world, silver plunged and the silver-to-gold ratio averaged 16:1 for the longest time, until banks started manipulating the silver markets it went nearly 100:1.
I'd keep purchases split 50/50 $ amount for gold/silver. You never know which one will rise faster, but hey they're both gonna do well so who cares.
Welp, off to check for specials on AJPM Hmm, a 1-oz Maple gold for spot +$30 cha-ching!