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Message: Fund holding physical silver for those of you in Canada

Fund holding physical silver for those of you in Canada

posted on Apr 03, 2010 08:43AM

Folks as you know from my past rantings, I like funds that hold physical metals and are audited as such by well respected organizations. E.g., GTU and CEF. Through research I found one of their sister funds that only holds silver trading under SBT.UN (silver buillion trust). Unlike the others it is trading at a 3.8% discount! I am curious as to whether any of you currently hold it. I can trade on the Canadian exchange in my Fidelity account and given what Ted Butler and others like James Turk has to say about the silver market, I am thinking of buying some. To my mind this could even be better than buying the physical coins where the premiums over spot have certainly been creeping up up and away. Any opinions here would be most welcome.

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