NAV Premiums Of Precious Metal Trusts And Funds – September 17, 2015

If you are curious about the additional data on the top right of the spreadsheet, this is just the way in which I am tracking the market reaction to the Sprott offer for an exchange of PHYS for GTU.

As you can see the Sprott offer is almost spot on to a NAV/NAV calculation. There is a slight premium on Price/Price because of the greater discounting of GTU in its market price.

On this I am not accounting for any risks or expenses, merely the nominal market reaction.

The gold/silver ratio remains historically high at 73ish. I suspect that this is because the metals are enjoying a ‘flight to safety’ more than ‘inflation being driven by a robust economy.’ But it could be something else.

Click on picture to enlarge