Today, SVRZF and PSLV are moving in opposite directions with a large difference in volume. Could you (or some) please comment on the relative (de)merits of these two funds?
You may want to sign up on zerohedge.com because there are a lot of precious metals types. PSLV is one of Eric Sprott’s funds in Canada. According to the posters on zerohedge.com, he appears to be a straight shooter.
Go to google finance and the symbol on the Canadian exchange is SII. He has a brokerage and asset management company in Canada.
PSLV supposedly has physical silver held in trust.
Many of the people who follow precious metals on web site s like zerohedge.com or seekingalpha.com do not trust SLV, GLD or IAU (american precious metals ETFs).
SVRZf I think is Claymore and Guggenheim. I have no comment. Another option is CEF which is a closed-end fund that has been around for 49 years. They own silver and gold bullion. www.centralfund.com
They have a silver bullion trust too at www.silverbulliontrust.com.
You may want to look at the seekingalpha.com and zerohedge.com web site. There is noise but some good information is there as well.
I personally trust long time, respected and well known providers in Canada over any banks or companies in America any more.
http://seekingalpha.com/article/215342-beware-the-new-sprott-silver-fund
I would trust the Eric Sprott silver fund in Canada. Only physical silver to the best of their abilities. Sprott has a good reputation in the precious metals community.... He is 65 years old or ..has been around for a while. He also has a physical gold fund
Those two Sprott funds are not ETF. The largest gold ETF is not just in physical gold. They replicate the gold price but use futures and derivatives and physical gold to get there
The real gold bugs will not have money in GLD long term. They use it only for quick trading purposes because it is “no-load”
GLD functions like a bank that has 100 of its own special gold backed dollars but only has 20 units of gold in its vaults
Same for http://www.google.com/finance?client=ob&q=NYSE:SLV the large silver ETF