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<p>[QUOTE=&quot;InfleXion, post: 1512071, member: 29012&quot;]Assumptions abound. No, I am not repeating what some tin foil hat guy told me. I am not &#039;probably&#039; talking about anything. I am in fact talking about contracts. For the 3rd time now I am telling you that I have given you links already that explain that multiple shares in the SLV are backed by the same bars which you have not disputed. You are correct that it is 100% backed by metal, but what I am telling you is that this backing is fractional in nature. They can get away with this because people generally don&#039;t demand delivery.</p><p><br /></p><p>If you disagree with this please direct me to the portion of the prospectus that discredits my link. Assuming you have read it then you also know that the price of the SLV is determined by the quantity of metal they have in stock, and since it is not a profitable model the only way that it can remain solvent is by selling metal and is on the inevitable road to zero. That is explained in part on page 22 about how they cover the fees you are describing, but if it says they have uniquely serialed bars for each contract I missed that part.</p><p><br /></p><p>I have looked at the numbers in this document, and it does not show that each contract has its own unique bar as far as I can tell. What it does show is that each contract is valued according to a certain amount of silver as if it had its own silver, but there in is where the issue lies. It is valued one way, but it is not actually backed as such. If I am wrong please point me to the right place.[/QUOTE]</p><p><br /></p>

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