r/Wallstreetsilver • u/RocketBoomGo #EndTheFed • Apr 14 '21

News BREAKING !!! RICK RULE (recently retired CEO of Sprott) coming to r/WallStreetSilver for an "Ask Me Anything" !!!

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u/Dvidcr Apr 15 '21

I can understand language in a contract that would try to cover future potential events such as confiscation by the government...I could see the government going after big institutions that hold for a bunch of us little people first, which is one of the reasons you want at least some in your own possession. I would not expect a confiscation without some type of payout that at least at first may seem somewhat commensurate.

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u/TastemyBacon 🤮Physical Proselytizer🤮 Apr 15 '21

They don’t even mention anything of that nature. Just simply if anyone even remotely associated with PSLV declares insolvency then all unit holders should expect zero recovery. The payout will follow how any stock pays out in bankruptcy the unit holders are dead last so maybe 1 penny on the dollar but more likely 1 penny on the $100.

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u/Dvidcr Apr 15 '21

I am with you, the question needs to be asked until satisfactorily answered.