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Message:: [QUOTE="moneycostingmemoney, post: 2805872, member: 86367"]I'm familiar with PM ETFs but don't fully understand how they function. I feel they give the illusion of owning PM but are kind of like buying a star and having it named after your girlfriend. It's a nice thought, but what are you really buying? Is each share backed by an equal or fractional amount of the PM or is it just a numbers game that you're buying into? And what is that money actually doing on the back end while in your mind it's a piece of PM? But if you don't think that way and don't care I guess it's irrelevant. I just like to know where my money really is and what it's doing. Like helping patients gain a better quality of life or a startup with a good story, goal and purpose get off the ground. I just feel that I had to earn my money the hard honest way so any control over making sure it stays that way that I have I'd like to exercise. I digress. To your point, you're not really playing the stock market you're placing your money into metals (or the illusion of) pricing. You may obtain the ETF as if it were a stock, but it's still living it's life as a piece of gold or silver. It won't find its way into the S&P, DOW, Russel X, or any other market gauge so we won't see it's performance truly effect what we see as the market, so there is still the disconnect of their travels.[/QUOTE]