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To: Ghost of Philip Marlowe
They have been trading the same as what this article is talking about, ETF’s, which is really just trading on the future price of a commodity (in this case silver).

WRONG! The silver ETF, SLV is *NOT* a futures based ETF. The prospectus is quite clear that they buy and hold actual silver.

One of the reasons the silver futures market is so tight is that the silver ETF has a huge amount of physical silver in their vaults.

Now, SLV *could* be lying, but it would be an amazingly bold faced lie. For instance, they have the serial number of the silver bars that they claim to have in inventory available on a weekly basis listed on their site.

I don't *think* you are claiming that they are running a completely fake Maddoff style Ponzi scheme, I think you really just don't know what you are talking about.

But if you do have some secret information that SLV is a ponzi scheme please share it with us.

Otherwise, please stop making wild unsubstantiated false statements.

151 posted on 03/06/2011 10:26:17 PM PST by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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To: Jack Black
Silver ETF: The Double-Edged Fund
155 posted on 03/06/2011 10:40:49 PM PST by Errant
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To: Jack Black

Many of those same contracts state explicitly that the holder of the contract cannot request physical delivery. Look into it.


161 posted on 03/07/2011 4:37:36 AM PST by Ghost of Philip Marlowe (Prepare for survival.)
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