SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: orkrious who wrote (441)6/13/2002 10:03:34 PM
From: patron_anejo_por_favor   of 89467
 
It just came down from an almost 20% premium. This isn't a typical closed end fund in the sense that they hold strictly bullion (which otherwise would cost the shareholder money to store and insure IF he held it directly himself). Nonetheless, it is still subject to market inefficiencies, and has gotten as low as 5% or so below NAV (though that was in the depths of the 20 year precious metal bear market, the likes of which are not likely to be seen again for a LOOOONG time). I view it as an extension of my bullion holdings, as such I'm willing to pay a small premium to spot (just like I would if I bought and stored, say, Kruggerrands and ESPECIALLY if I bought and stored Comex deliverable silver ingots).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News