Holy $hit! Sprott's PSLV @ 30% Over Spot!!!!!!!!!

If those Trust rules were part of a board game who the hell would want to waste their time playing it .... but there you have it - let them spend their real money and watch people flock to it
 
Excuse the plug, but by way of contrast consider this from the Perth Mint Depository agreement:

2.5 Insurance
PMDS shall ensure that a Client's Precious Metal is stored at PMDS's risk and insured against damage or loss for 100 percent of its market value.

2.7 PMDS Duty of care
PMDS undertakes to exercise due care in keeping safe the Client's Precious Metal lodged in the Storage Facility.

and of course the Government Guarantee. As I said here http://goldchat.blogspot.com/2008/12/warning-on-existing-au-and-new-ag-pt-pd.html "The custodian does not have to insure it, we don't intend to insure it and the trustee is not responsible for ensuring it is insured. What sort of custodianship is this?"
 
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