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Re: There's Crooks, then there's JPM...

By: DueDillinger in CONSTITUTION | Recommend this post (0)
Thu, 18 Aug 11 8:40 PM | 25 view(s)
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Msg. 14529 of 21975
(This msg. is a reply to 14521 by Beldin)

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Do the Sprott silver and gold ETFs have the same problem?

No. Sprott is completely legitimate. Indeed his silver fund (PSLV) is selling at a high premium to its NAV. Central Fund of Canada is also reportedly legit, but it does get relentlessly shorted.

Best source for info on the precious metals is Harvey Organ's daily newsletter/blog.

http://harveyorgan.blogspot.com

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The above is a reply to the following message:
Re: There's Crooks, then there's JPM...
By: Beldin
in CONSTITUTION
Thu, 18 Aug 11 7:06 PM
Msg. 14521 of 21975

Due,

Do the Sprott silver and gold ETFs have the same problem? From what I've read, Sprott has physical metal holdings equal to 98%-99% of the market value of the trust units and they audit the existence of the physical metal holdings on a regular basis.

B.


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