Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Proud Deplorable who wrote (55382)	1/16/2008 11:36:18 PM
From: GoldBull no bug here	Read Replies (1) of 78416

SLV-A? SLV? Please do not buy SLV. It is very debatable whether silver is actually owned and in possession with that ETF. From GATA - It is obvious that the 20M oz deposit and withdrawal was clear maneuver to "paint the tape" on the Year End physical silver held at SLV...but why? Since SLV is only a derivative of the price of silver there would be no reason to bump the amount held for the SEC or other regulators. The prospectus clearly points out that the amount of silver held and the price of silver have no real relevance to each other in SLV. There are no requirements to increase or decrease the amount held in trust...it is a perception issue that enforces the "value" attributed to the shares of SLV.

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