buy silver @ 11% discount to spot ?

[murphy_p_t]

http://www.silverbulliontrust.com/net_asset_value.htm

SILVER BULLION TRUST    
             
4:53 PM   03-May-11   US$   CDN$
             
Net Asset Value per Unit (See Note)   $25.47   $24.17
Trading Symbols on TSX       SBT.U   SBT.UN
Closing Market in Units 03-May-11   22.58   21.61
Premium / -Discount     -11.3%   -10.6%
Number of Units traded      9,170   89,296
             
Total Market Capitalization of all         
5,467,228 Units outstanding U.S. $123,450,008 CDN $118,146,797
               
    Portfolio Update    
             
Ounces   US$   CDN$   %
             
Silver Bullion 3,143,830   137,102,426   130,110,203   98.5
Silver Certificates 0   0   0   0.0
Cash Assets     2,152,971   2,043,169   1.5
________   __________   __________   _____
3,143,830   $139,255,397   $132,153,372   100.0
             
 
  Valuation Basis    
London Silver Fixing         US$ 43.6100
US$/CDN$ Bank of Canada noon exchange rate CDN$ 1.00= US$ 1.0537

[Storm]

I'm confused - how would I go about buying silver at this price?  Twenty-something per ounce sounds pretty good right now...

[rickb]

This is run by the same folks who are behind CEF and GTU, and (like those two) is a closed end fund that can trade above or below the NAV of the metal they own.  Do your own due diligence of course, but as a VP silver investment I think this is a screaming deal.

[murphy_p_t]

discvouyt reduced to 5.6% today...price still falling of the metal...any thoughts on the deviation from NAV as an indicator of where silver prices will go in the short term ? one hypothesis could be that spot price will continue to fall as the share price is still heading down while the NAV deviation has been reduced...

[MediumTex]

What is U.S. ticker for this fund?

It looks like discount to NAV is widening again today.

[murphy_p_t]

MT,
don't know...i didn't see mention of any on their site.

how are you getting intra-day NAV?

p

[rickb]

What is U.S. ticker for this fund?

It looks like discount to NAV is widening again today.

It trades over the counter as SVRZF.  Per a comment on a Yahoo forum here the plan is to list on AMEX when the net assets reach $100M (which they already have).

[hrux]

This is now at a 12+% premium....

https://spreadsheets0.google.com/spread ... i40L#gid=0

[murphy_p_t]

This is now at a 12+% premium....

https://spreadsheets0.google.com/spread ... i40L#gid=0

hrux- great tool...thank you!


that's some swing (from NAV) in just days!