Quote from: GimmeDemBitz on September 25, 2011, 03:52:26 PM

How do you even have an estimated value of almost $11,000 when your total holdings are $321.50 on 9/23? Is there an unrealized gain you're not accounting for? Or is it 321 ounces of silver?

The total holdings were not $321.50. That was the number of ounces held by the fund (see: no dollar sign).

Quote from: GimmeDemBitz on September 25, 2011, 03:52:26 PM

I'm guessing you sold your silver holdings, but there's no increase in cash on hand. Unless selling the 321 oz of silver gained $7781. But then there's no accounting for that $3000, unless silver lost ~30% of its value overnight.

The fund exchanged ownership. The $3,000 is accounted for in the "Other Holdings" that show the fund is now holding 100 shares of SLV on the NYSE in a private account estimated at the current price of $30.00/share. The remaining $7,931 has already been paid back to shareholders. This morning, 0.14147333BTC was distributed to each shareholder and a mining contract was purchased that will fund their dividend.

Quote from: GimmeDemBitz on September 25, 2011, 03:52:26 PM

You know that 4% is considered a high yielding stock dividend? What are you basing 12,000% on? One day of market activity?

Do you actually know how accounting works?

Stocks like T, CIM, O, SJT are what I would consider high yielding stocks. The 12,000% was based on the number of shares outstanding at the time (this number will and has risen due to investor demand) and the annual dividend rate that they will be paid (excluding the 1-time payout they received this morning). This is all shown on the spreadsheet and you can use the estimated 0.05BTC daily payout and the charts to determine what the current rate would be if you purchased more of the available common shares. Please let me know if you have any further questions.

I have updated the numbers based on the current outstanding share count and low ask order as of this post. The dividend yield is now estimated at 127% and I will work on implementing a more easily understood method of accounting. Investors should do their due dillegence before investing and realize they are buying shares in a silver ETF and not a get rich quick ponzi scheme.