seems from what I have read, they charge 6% a year to store..is that correct...seems really high especially with a 5% premium to NAV...any comments from anyone. I am not a basher and have actually bought shares recently...now have learned this.
Would never buy SLV and hold physical, but impossible to store in size
I simply dont understand how they can justify 6% per yr...also notced from beginning of year, its down while silver is way up? I inderstand thats because the premium went to +5%...are there better options out there besides this, physical and/or goldmoney/bullionvault
The Silver Trust pays the Manager a monthly management fee equal to 1⁄12 of 0.45% of the value of net assets of the Silver Trust (determined in accordance with the trust agreement), plus any applicable Canadian taxes. The management fee is calculated and accrued daily and payable monthly in arrears on the last day of each month.
this sure looks like .5% a month and not per year as you say