Kim posted a week or so ago some great info on the physcial holding funds like CEF, GTU, PHYS, PSLV or and SBU. Some hold primarily silver and others gold. I personally hold some of each in my retirement accounts because I do not like the dollar. Plus the fact that they hold the metals in a favorite country of mine, CANADA, is the icing on the cake.

Anyhow for those of you who may have an interest I would just like to point out that the premiums to net asset value (NAV) of PSLV, Sprott's physical silver is a whopping 18.6%. I sold it when it was over 20%. But I do like silver so what's a girl....I mean a frog to do???? Given the closing ratio of silver to gold, CEF which is supposed to be 50% silver, 50% gold looks to me like it is more and more a silver kind of fund. And since it recently came out with an offering to take more physical metals off the market and into its vaults in Canada, the normal premium has dropped. As of last night with the closing price at $21.51 the premium had dropped to 3.8% whereas just a week ago it was at over 8%. Below in case you are interested is a short blurb on it. Note that the silver funds (with actual physical metals held in Canada) are trading at a much higher premium than the gold. SBU at $25 trades over a 10% premium. (Article below discussed ratio of gold price to silver price)

"During the so-called Commodity Crash of 2008 the ratio got up to 83 and since then it has fallen to under 38 today. One of the consequences of this change has been the transformation of the Central Fund of Canada (CEF) from primarily a Gold Fund with some Silver to a Silver Fund with some Gold. This can best be understood by looking at the table below. Remember the Central Fund always acquires 50 ounces of Silver for each ounce of Gold. The fund currently has 1,504,234 ounces of Gold and 75,209,103 ounces of Silver."