RE: Silver ETF = 100,368,644 ounces ! ! !Are you really so naive that you believe that the ETF is really an alternate precious metals vehicle ?
Do you really believe that Barclays (A known cabal anti-gold arch enemy) would sponsor a silver ETF to encourage silver investment ?
Do you really believe that they have the ounces ? Come on now... they moved the bars into the vault, took some pictures and then leased it back onto the market.
How has silver price done since the ETF kick-off ? Pretty badly....
The timing and the sponsors all smell rotten..... It is an obvious and blatant attempt to substitute metal demand with paper and it works because people like you actually buy their crap that they are holding ounces for you.
Notice ETF fine print that shares are not redeemable in metal except in huge blocks. Clearly a paper substitution game.
Can you imagine the price of gold / silver if all the people that bought these scams actually held the real metal ?????
Try CEF (Central Canadian Fund) - they really have the goods.