The problem is you can’t put ETF’s in your stomach or your safe. The Saudi’s have just bought up most the US wheat futures for 2012 so that means they have the right to physically take them away.
As for gold and silver in your hand is the only form of PM you should hold. ETF’s in PM have no accounting and there is a good chance none of them actually have the metal to back what they say they have. Hence the name paper silver, paper gold. This kind of like musical chairs.
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