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Sprott Physical Silver Trust ET (PSLV) Message Board

  • ryanquentin ryanquentin Jan 5, 2012 4:44 PM Flag

    bought svrzf today

    thanks to the person who recommended it.

    looked over it last night and spoke with the central fund of Canada today.

    offers same tax benifits of pslv w/o the high premium, and like Sprott this closed fund has the physical. asked Harvey Organ on his blog what he thought of it, and he gave his blessing.

    only negitive i found is it is very thinly traded

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    • Basic trading is not your forte, but that's OK, it helps other traders make more.

      It is possible to bag the premium and make a profit, regardless of the pos, by buying SVRZF and shorting SLV, dollar for dollar. That is, if the premium does not become even more which case, you can doble down on this short-long bet.

      In the mean time, if SLV is revealed a fraud, the SLV short fully pays for the SVRZF long - free shares, on top of the premium.

    • Very low volume is bad. Hard to sell at a fair price. Also, there is no physical delivery with that fund. Stick with PSLV.

      • 1 Reply to petechamps21
      • Personally, I would be very hesitant on buying a silver trust fund that is a pink sheet. The .PK is very scary. The pink sheets service is a loosely regulated over-the-counter, decentralized market. There are few requirements to being listed on this network, as companies do not have to file with the SEC nor keep updated financial information.

    • Thanks for the input. I am pondering switching from PSLV to SIVR or SVRZF.PK. In light of thinly traded volume for SVRZF, did you find it took a while to get an execution of your purchase?

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