Silver fraud" If you have any interest in the physical silver markets, you'd better have a look at this. The indispensable Zero Hedge has published a research study conducted by Project Mayhem Research. PMR obtained the bar lists from Barclay's iShares SLV silver ETF and the London-based ETFS silver fund. They then used computers to search the lists for anomalies and errors. What they found is strong evidence of criminal fraud, unbelievably bad accounting, or both.
Nearly 12% of the 1000 oz silver bars on SLV's list are bars of identical weight, hallmark, and
serial number listed multiple times.
Eighty 1000 oz bars of the same weight, hallmark and serial number
are on both lists, despite being supposedly held by different custodians.
Eliminating exact weight duplicates of the same hallmark reduces inventory at SLV by 82%.
https://www.zerohedge.com/article/project-mayhem-research-multiple-anomalies-detected-silver-etfs
Since the Comex allows silver contracts to be settled in these paper shares, there could be a very serious problem here. PMR theorizes that it just might have something to do with the fact that silver is a natural enemy of any paper money regime. Let's see if the tame media squelch this story like they did the $134 billion in smuggled UST bonds"
Post uplifted from S.H. MAI site.Post by G G.