‘PSLV’ Still a Powerful Idea Today
PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion.
The Sprott Physical Silver Trust often trades at a premium to net asset value (NAV). Closed-end funds can see large premiums and discounts, while exchange traded funds (ETFs) have an arbitrage feature that tends to keep prices in line.
“Samuelson believes silver remains undervalued relative to gold by 10% to 30%. With gold in the $1,825 to $1,875 an ounce range, silver should be trading at $30 to $35, he says,” according to
Barron’s.
PSLV “offers a potential tax advantage for certain non-corporate U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of 15%/20% versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars,” adds Sprott.
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CMA taps expert to review masterplan
Tuesday February 09 2021
By BRIAN NGUGI
Summary
The Capital Markets Authority (CMA) has brought in a consultant to review it s 10-year masterplan, whose implementation has faced headwinds brought by poor uptake of new bourse products as well as broker and bond issuer collapses.
CMA chief executive Wyckliffe Shamiah said the FSD Africa backed consultant will help audit the regulator s mandate and roadmap amid a raft of challenges which have hampered the capital markets.
Mr Shamiah said some of the key challenges including historical issues like the collapse of Discount Securities and Nyaga Stockbrokers which impacted investor confidence negatively.
February 7, 2021
There’s no doubt 2020 was a rough 12 months for airline stocks. The NYSE Arca Global Airlines Index lost more than 31% over the course of the year as several major carriers reported record losses.
From a value investor’s perspective, this means the industry is on sale at a deep discount. Commercial aviation still has some challenging times ahead of it, but I believe the worst is behind us, meaning now may be an opportune time to get exposure.
Below are five reasons why I think airline stocks could be a buy in 2021.
1. Globally, new virus cases are starting to roll over.