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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Barclay's splits silver trust 10 for 1

Barclay's splits silver trust 10 for 1

posted on Jul 11, 2008 07:56PM

Barclay's just announced a 10 for 1 share split for their silver trust. http://biz.yahoo.com/iw/080711/04149... . Looks like one share of silver trust will now buy just one ounce of silver instead of 10. I don't know what advantage this produces for Barclay's, but I am sure it is not just so they can reach the retail investor. Now everyone will be able to similtaneously see the silver trust price and the silver price and compare one ounce for one ounce. I imagine that if the silver trust price is below silver spot, they hope everyone will buy their mythical silver instead of the real thing, that and also they hope their low share price will drive down silver spot instead of the other way around.

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