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Sprott Physical Silver Trust ET (PSLV) Message Board

  • tuckerl1985 tuckerl1985 Oct 8, 2012 1:11 PM Flag

    When fund begin to request their physical silver, PSLV is toast.

    Let's say silver goes to 50 and PSLV is at $20(rough estimate). Then let's suppose physical silver beings to become scarce(which could easily happen, slv ends up being a paper product etc), so funds start turning in their shares for physical. The trust then has to sell its physical and pay taxes on whatever the gain is. The existing trust holders would have to pay this tax. This would start a vicious cycle where all major holders would either dump their shares or turn them in for physical.

    If this view is not correct, please tell me why.

    Thanks

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PSLV
6.19+0.04(+0.65%)Dec 19 4:00 PMEST

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