Message:

<p>[QUOTE=&quot;mikem2000, post: 1512332, member: 30574&quot;]Ok let&#039;s multiply the number of oz. by the price per oz. Just&nbsp; understand that the price per oz. Changes constantly and the data was a point in time.&nbsp; It will be close enough though.</p><p><br /></p><p>Here we go </p><p><br /></p><p>Current silver price 28.15</p><p>Number of oz in trust 312,935,630</p><p><br /></p><p>312,935,630 x 28.15 = 8,809,137,984.5</p><p><br /></p><p>Look at that, I did what you said, and that too matches the total net assets in the fund- give or take a few due to the changing spot price of silver.&nbsp; And it all matches the number of shares x the share price.</p><p>You just can&#039;t deny it, the silver backing is there 100%</p><p><br /></p><p>This is a simple financial statement. It is easy to read and understand. These statements are filed withe the SEC.&nbsp; This is not my opinion, it is fact.&nbsp; I know this would shatter your world, hence you reluctance to accept it, but it is there in black and white. Anybody who tells you different is lying.</p><p><br /></p><p>The fact is, if everyone sold their shares of SLV, there would be the needed amount of bullion to cover.&nbsp; The numbers are there.&nbsp; The only issue would be, a decline in the commodity price as 312 million oz get dumped on the open market.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in