PSLV and Physical Silver
Listen to Vince Lanci’s presentation regarding Blackrock buying almost 5% of PSLV and the longer term implications in advancing awareness of the Silver fundamentals to a much broader swath of the investment community.
Listen to Vince Lanci’s presentation regarding Blackrock buying almost 5% of PSLV and the longer term implications in advancing awareness of the Silver fundamentals to a much broader swath of the investment community.
While I am not saying the reason Blackrock bought was to get physical silver, I disagree with Vince that they may try to do so in a supply crunch. He stated only 10 million ounces which is what they might be able to grab given how many shares they own. PSLV currently has over 174 million ounces so if Backrock buys more shares they could go after a lot more actual silver if the SHTF. Not saying they will or won’t, but why else would you buy PSLV when you own SLV(which doesn’t have the physical silver)?