(Total per-share returned to investors: 0.0551178, internal BV calc: 0.0472)
Now, if you can't admit that TU.SILVER is a success, can we trust anything else you say?
Your stupidity never ceases to amaze me. This time you seem to not know the difference between IPO price and current NAV/U.
Your initial sales were at ~0.2 BTC.
Those people have received back .0551178 in dividends and have remaining value of .0472. i.e. they've LOST half what they invested. As it happens, on this occasion, that isn't your fault - as a lot of that loss is the drop in price of silver.
No. You are wrong. The fund is not denominated in BTC. It is denominated in 1/10th oz silver. Investors have the exact same amount of silver they had when they bought in, plus (more than) it's
value in BTC returned to them.
But for it to be an automatic success in my terms they'd need to have received back (in dividends) more than the 0.2 they paid originally.
No, the success of TU.SILVER is not tied to the price of silver at a point in time -- that is ridiculous. To our investors
silver is money. Our investors have achieved a greater than 100% gain in the amount of silver they hold should they reinvest their profits today. It's sad that you refuse to see that -- your cognitive dissonance is very great. I'll stop at that -- while you appear in the above to have an extremely narrow (perhaps even sheltered) view of the markets, we all know it isn't true.