Posts
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Checking in on the inventory at the silver ETF
Thursday, September 18, 2008
While waiting to find out the sordid details of the new "permanent plan" to shore up the ailing mortgage market (seriously, that's what they're calling it), it's worth noting that the inventory at the iShares Silver Trust (AMEX:SLV) rose a bit today.
There has been a net addition of 78.1 tonnes of "the poor man's gold" to the fund over the last three days and, like the shortages, delays, or whatever you call them at coin shops, the chart above is telling a story that doesn't make a lot of sense in and of itself - rising demand and falling prices.
Well, that is until yesterday morning when that U-turn began.
4 comments:
Tim,
What is your take on SLV being paper silver and not something you can really trust? It's sure convenient way to trade silver, but when push comes to shove, is the silver really there??
Thanks.
Is the silver really there? It doesn't matter because you can't get it anyway (I'm assuming it's like the gold ETF in that you can only take delivery if you have a humungous position).
I've always favored owning silver in physical form until it becomes too cumbersome to store. Then, there are lots of options like SLV, Goldmoney, Central Fund of Canada, etc.
Aren't there maintenance fees involved with GLD an SLV?
Yes, about half a percent per year.
Post a Comment