The Web site, thestreet.com, tracks the risk-adjusted performance of more than 15,000 mutual funds, nearly 6,000 stocks, and more than 300 ETFs, and evaluates the financial strength of more than 13,000 financial institutions. I’ve linked to them in my “Rate Your Bank” post.
They’ve now downgraded the silver ETF “SLV” to an “E-“, their worst possible rating.
The interesting thing is that the StreetTracks-backed gold ETF “GLD” is rated at “A-” so they’re not picking on silver, the terrible rating for SLV is more an indication of concern about its backer, Barclays Bank.
This is why it’s always best to own PHYSICAL gold and silver, in your possession. 99.9994% of mine is. Guess I’ll be closing out what little I have in SLV, now.
◊◊◊◊ Now: Gold @ $810.10, Silver @ $10.25, USDX @ 86.10 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,524.71