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 Replies: 11 / Views: 1,603 |
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New Member
Canada
37 Posts |
Link to story: http://www.theglobeandmail.com/glob.../?cmpid=rss1Estimated launch size of $100MM, but could be higher based on market response. Like its gold fund, these Trust units will represent physical silver stored by the mint (physical settlement may still be possible). Edited by gorebug
10/19/2012 10:07 am
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Pillar of the Community
Canada
3167 Posts |
Hmmm, interesting, can't say I will be certainly being a part of it...
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Valued Member
United States
117 Posts |
Even thou it's a mint, I remember reading about not buying silver/gold if you can't storage it yourself. Especially with all those random businesses sprouting up, taking people's money, then disappearing. I guess it's a lot safer but still, as someone who hoards for when SHTF, it could simply disappear. What if the Canadian Mint decides to only honor it's citizen. Someone explodes a nuke in the atmospere and EMPs the whole continent, erasing all electronical information.
But then again, it's the Canadian Mint, which I'd feel more comfortable compared to the U.S. mint or anything else over here in the U.S. for that matter.
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Bedrock of the Community
13014 Posts |
Its fine if you want to buy and sell to make money, but if youre stacking for SHTF its not the it could disappear it will disappear. Basically paper silver is exactly that paper to be bought and sold to make money if youre good at it nothing more. If your only reason for silver is as a backup plan actually buy it
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Pillar of the Community
United States
4008 Posts |
Another view of this is that government is one of the biggest theft rings out there, so why put your valuables in their hands and make it super easy for them to take them? Yes, I also see the RCM as more trustworthy than the US Mint and most companies, for that matter, but not to the point where I would be willing to hand them a sizable amount of my wealth and say, "Here, hold this for me until I ask to have it back". Asking and getting may or may not be the same.  |
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New Member
 Canada
37 Posts |
Pricing on the ETR's IPO has been announced. Units will begin trading at $20. Net proceeds from the offering will be used to purchase silver bullion at the prevailing spot rate after closing. See more here: http://www.newswire.ca/en/story/106...-100-000-000Edited by gorebug
10/30/2012 09:14 am
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Pillar of the Community
Australia
7096 Posts |
Quote:Pricing on the ETR's IPO has been announced. Units will begin trading at $20. Net proceeds from the offering will be used to purchase silver bullion at the prevailing spot rate after closing. See more here: http://www.newswire.ca/en/story/106...-100-000-000 -------------------------------------------------------------------------------- Edited by gorebug - Today 24 Min ago I think I would rather pick up an angry snake than that deal  Quote:
(physical settlement may still be possible).
This statement should read physical settlement is "ALWAYS" possible Edited by trout1105
10/30/2012 09:48 am
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Pillar of the Community
Canada
3167 Posts |
Yeah  I like to have my bullion with me (or safety deposit box that I own) rather than having it with someone else, no matter how trustworthy they are. |
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Pillar of the Community
United States
1200 Posts |
As some old philosopher said, "If you can't see it & touch it, you don't own it."
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Pillar of the Community
United States
4008 Posts |
Quote:
As some old philosopher said, "If you can't see it & touch it, you don't own it." Well, this old philosopher says, "If it can be taxed, you don't own it. You are merely its caretaker for the government". Just try not paying your taxes and see what happens to the property you "own".  |
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Valued Member
United States
194 Posts |
One of those situations of: "Glad it exists, but I ain't touching it!"
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New Member
Canada
18 Posts |
This may be on a little bit of a tangent,,,I bought from a retailer some 20 for 20 silver RCM coins. Here's the thing. The face value of the coins is 20 dollars and each coin contains about 10 grams of silver or 1/3 of an ounce for the price of 20 dollars (minus retail fees) Hence the handle 20 for 20 dollars. ****I don't believe the Royal Canadian Mint has ever produced a coin with a face value greater than it's weight in precious metal. The opposite is true...for example a 2012 1 ounce .9999 silver maple leaf has a face value of 5 dollars? It looks like The RCM is trying to say silver is supposed to be 60 dollars/ounce minimum and they're backing it with more than just words......Future Silver benchmark is 60 dollars per ounce on the maple leaf? |
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Replies: 11 / Views: 1,603 |
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Posted 10/19/2012 5:26 pm
