Thanks for sharing your perspective. What I find interesting is the different ways the gold/silver trusts are trading as it relates to price and premium/discount. Frankly I can find no reason why CEF would be trading at a discount holding 50/50 silver/gold when the other trusts are trading at premiums. For example, as of close last night note the following:

PHYS (gold) $13.51 3.69% premium
PSLV (silver) $15.91 13.19% premium
GTU (gold) $58.87 2.4% premium
CEF(gold/silver) $21.07 (1.3%) discount

Based on the info above one takeaway would be to buy CEF given that historically it trades at a premium and if nothing else should be trading close to the other similar trusts that hold the physical metals in storage in Canada. If gold or silver go up, this should as well and then factor in the move from a discount to a premium ....could make this a reasonable bet.

Disclaimer....I hold some of all except PSLV which I sold as I got nervous when the premium triggered 20%