![]() Winston Churchill would probably say SLV is a turd, wrapped in poop inside an outhouse. SLV is way worse than I initially thought. And please don’t post those trite comments below. If you’re forever in that “if you can’t hold it” camp, save your time and just stop reading here. If I can get 30% more ounces at PSLV, I may be willing to bear some counter party risk, especially at an organization like Sprott, Inc. Furthermore, buying PSLV could be preferred in a period where spreads on retail metal are large. That is the preferred stacking approach for many, however, some folks have funds in tax protected vehicles that can’t be used at the corner coin shop. Some fraction of people will read this and say the old phrase, “if you can’t hold it, you don’t own it”. It’ll become clear why that is my handle on Reddit. The silver market is and has been rigged for years”, I took another look at the SLV prospectus for the benefit of the apes here at Reddit’s WallStreetSilver and will post as u/Ditch_the_DeepState. I’ll detail those facts in another post.Īfter the epic post by u/TheHappyHawaiian, titled “SLV is a complete scam, it’s a scalp trade set up by banks to screw over investors. If I designed a silver ETF for myself as a purchaser of metal, it would very similar to PSLV. The PSLV fund mechanics are completely different than SLV with many protections for unit holders. I had moved on to evaluating other silver funds and believe that Sprott’s PSLV is the best alternative by far. I looked at the prospectus and SEC filings for the IShares Trust ticker “SLV” a long time back and quickly concluded it wasn’t a worthy investment for my account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |