Message:

<p>[QUOTE=&quot;mikem2000, post: 1512674, member: 30574&quot;]Hi Jim,</p><p><br /></p><p>I am not 100% sure what you are getting at or if you agree or disagree with me, so we will take it through, and if I get off course let me know.</p><p><br /></p><p><br /></p><p>Your first point is it is not a mechanism to stack silver. You pay in paper and get paid in paper. That is totaly correct, I never said you can cash your shares in for physiscal silver. What I did say though, is as money flows out of the fund, they (ishares) must sell silver and they do that on the open bullion marker. A share holder will never recieve physical bullion. They sell the silver and give you the cash. That was an easy one. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I do not understand this statemet</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>It is the last line &quot;they in turn get silver which they can then sell or do anything legal with it&quot;</p><p><br /></p><p>If you mean by &quot;get silver&quot; they get it from their vault, then all is good, but if you mean they have to go aquire silver, then sell it, that is not true. They already have the silver.</p><p><br /></p><p>Here are their holdings. No stocks no bond, no cash, just silver. The only way possible to get the cash to pay out their shareholders if they are cashing ot is to dump the physical bullion they are holding for they have nothing else</p><p><br /></p><p>[TABLE=&quot;class: yfnc_mod_table_title1&quot;]</p><p>[TR]</p><p>[/TR]</p><p>[/TABLE]</p><p><br /></p><p>[TABLE=&quot;class: yfnc_tableout1&quot;]</p><p>[TR]</p><p>[TD][TABLE]</p><p>[TR]</p><p>[/TR]</p><p>[TR]</p><p>[TD=&quot;class: yfnc_tabledata1&quot;]Physical Silver Bullion</p><p>[/TR][/TABLE][/TD][TABLE][TR]</p><p>[TD=&quot;class: yfnc_tabledata1&quot;]N/A</p><p>[/TD]</p><p>[TD=&quot;class: yfnc_tabledata1, align: right&quot;]100.00</p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</p><p><br /></p><p><br /></p><p>[TABLE]</p><p>[TR]</p><p>[TD][/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD]Mike</p><p><br /></p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</p><p><br /></p><p><br /></p><p>Also from the quote you provided, one may think that it is saying the fund is not regulated,&nbsp; I am sure you know that it is not what it is saying but other may think that e which of course is not true.&nbsp; The fund is still regulated, just not in the manner&nbsp; as a mutual fund.&nbsp; The are regulated by the SEC and are required to provide financial statements like anyone else.</p><p><br /></p><p>Here is a link to their 10Q&#039;s and 10 K&#039;s which does show BTW, they have the shareholders covered 100% with physical bullion.</p><p><br /></p><p><a href="http://us.ishares.com/library/kits/slv_kit.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://us.ishares.com/library/kits/slv_kit.htm" rel="nofollow">http://us.ishares.com/library/kits/slv_kit.htm</a>[/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