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<p>[QUOTE=&quot;mikem2000, post: 1510904, member: 30574&quot;]When you are talking CONTRACTS, you probably mean OPTIONS. You can buy and sell both Puts and Calls on SLV. That is not buying a share SLV. Options are just promises, you do not own anything. It would be similar to buying futures in the commodity Silver Market. When you buy futures, you do not own silver. Just a promise. </p><p><br /></p><p>When you buy a Share of SLV, that is different. That is backed by Physical Bullion 100%. There is one small difference in buying SLV. There is a very small management fee, and they do Sell off Bullion to pay for that. This small fee works out to be much cheaper than storing the bullion your self, where you would need to purchase a safe and buy insurance etc. But back to to the shares. When money flows into the fund, they are required to buy more physical Bullion. As money flows out of the fund they are required to sell bullion. They absolutely do not &quot;sell&quot; the same bar to mulitple people. If you do not believe me than read this, and I mean read all of it. Read the Prospectus, do the math on the NET ASSETS, SHARES OUTSTANDING, Ounces in the SILVER TRUST. READ it all. It is all there.&nbsp; Like you said, other people should not rely on our word.&nbsp; They should read it too</p><p><br /></p><p><a href="http://us.ishares.com/product_info/fund/overview/SLV.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://us.ishares.com/product_info/fund/overview/SLV.htm" rel="nofollow">http://us.ishares.com/product_info/fund/overview/SLV.htm</a></p><p><br /></p><p>Basically due the needed DD. You see, you are most likley just repeating what some tin foil hat guy told you about the same bars being sold multiple times via Contracts. It is just half truths twisted to convey his message. He would never tell you the same thing is done in the futures market for Physical Silver bullion.</p><p><br /></p><p>Peace out,</p><p>Mike[/QUOTE]</p><p><br /></p>

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