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<p>[QUOTE=&quot;desertgem, post: 2374931, member: 15199&quot;]The first just offers what is already available from any bullion seller. Try to cash a check, even on their bank for $562.21 of silver. They will politely say, no, it has to be full ounces, so it is not based on the metal, still fiat exchange. India and China both once said they would, but never followed up on it, as the BRIC consortium crashed. Bank of China ripped off depositors who had gold accounts by saying it was in the documents the BOC could pay off in fiat if they desired, which they did with devalued yuan. Same with gold funds in US like GLD and SLV, it is in the documents they can pay off in fiat if they want if they don&#039;t have the metal. Same all over. There is no free golden lunch.[/QUOTE]</p><p><br /></p>

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