We know there is huge controversy surrounding the SLV and we have examined this in depth in our Master Mind series. We remain in the middle that much of the silver purported to be in the SLV is there; our main concern is whether or not it is totally unencumbered.
Recently the SLV claims to have 325 million ounces of silver, while the Comex has about 32 million in the registered category, which for all practical purposes is the only silver available to the dealers. In other words, the SLV is 10 TIMES BIGGER, purportedly, in physical metal. Which one do you think would have the greatest impact on the market—especially considering that we are becoming more and more of a physical market?
- David Morgan
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