>>20471497You need to read the fine prints. Usually it's technically possible, but only if you meet some requirements.
For example Sprott only store 1Koz bars, so if you wanna take delivery it will only be in 1Koz bars increments, and since it's based on the SLV system it will most likely be per PSLV contract (1 contract = 5x1000oz).
Plus you will need to pay for delivery fees and authorized participant's subscription. Then you will also need to pay upfront a security deposit of 30% of the total value in case of market fluctuations for the time of the settling (the price you pay is only fixed at the time of the delivery, but the process will most likely take weeks, so if you wanted to slurp a dip, by then it could have bounced back and you can kiss your dip buebye).
Overall it's complete shit and a scam, no matter if it's SLV or PSVL. Because you don't get much comfier knowing it's backed at 1/1th if in the end you still can't get your hands on the stuff.
Plus the main shareholder of PSLV is Blackrock, they own like 20% of the total stored there, the truth is much less shiny than they want us to believe.
Me think the entire Sprott narrative of "lets go plebbit apes!" "diamond hands fellow gorillas", "here it's the real deal but in paper! teehee" is nothing but a kikes' distraction in pure Esau's gambit fashion.
In the end, nothing like having it in your hands with zero kike between you and the metal. The main argument for physical stores of value is the absence of counterparty risks and intermediaries between you and your wealth, why bother creating extra steps?
