I know that PSLV is relatively popular in the silver community, so I decided to do some research and discover for myself why everyone swears by it. What I found was that PSLV is actually an exceptionally POOR investment, and there is actually little to no difference between it and SLV.
Tonight I'd like to discuss a little known secret buried deep into PSLV's prospectus under the category of tax consequences. Are you aware that if you redeem PSLV units for physical silver bullion, you must pay income tax on any profits between the selling price of the silver bullion to you and THE ORIGINAL PRICE PAID BY THE TRUST. In other words, if the Trust purchased physical silver in the summer 2010 at $15/oz, and delivered silver to you tomorrow, you would have to pay taxes on the difference between $15 and $28. YOU, as a unit holder (not shareholder), must pay income taxes on any profits the Trust gained and the cost basis is NOT when you bought the units, but rather when the Trust originally bought the silver.
PSLV: Not what you think.
More secrets revealed soon....