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<p>[QUOTE="InfleXion, post: 1507182, member: 29012"]I don't know where you get this, but last time I read the prospectus it indicated the price of the SLV is based on the amount they have in stock. </p><p><br /></p><p>This link goes into further detail.</p><p><a href="http://seekingalpha.com/article/269502-some-answers-and-more-questions-about-physically-backed-metal-etfs" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com/article/269502-some-answers-and-more-questions-about-physically-backed-metal-etfs" rel="nofollow">http://seekingalpha.com/article/269502-some-answers-and-more-questions-about-physically-backed-metal-etfs</a> </p><p><br /></p><p> </p><p><br /></p><p>With regard to each share having one ounce of silver held, I have posted links in the past about how they use the same serial numbered bars for multiple contracts. This is documented for anyone who wants to search it out. </p><p><br /></p><p><br /></p><p> If you want to you can use the usdebtclock.org time machine to see that the current rate of debt accumulation will achieve a national debt of over $22 trillion by 2016 of which income tax will increase over 250% and corporate tax will increase over 200%. That's just the next 4 years. I plan to outlive that by quite a bit. I don't plan on running anywhere. I don't collect only silver and nothing else. I don't have many preconceptions about that scenario, other than that I won't be holding worthless paper. If people want cigs and booze that's fine, but I won't be giving my food and resources for that stuff. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> I don't need my silver to survive. It's for keeping me from being robbed by the system and to have my wealth at my disposal regardless of what takes form in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1507182, member: 29012"]I don't know where you get this, but last time I read the prospectus it indicated the price of the SLV is based on the amount they have in stock. This link goes into further detail. [url]http://seekingalpha.com/article/269502-some-answers-and-more-questions-about-physically-backed-metal-etfs[/url] With regard to each share having one ounce of silver held, I have posted links in the past about how they use the same serial numbered bars for multiple contracts. This is documented for anyone who wants to search it out. If you want to you can use the usdebtclock.org time machine to see that the current rate of debt accumulation will achieve a national debt of over $22 trillion by 2016 of which income tax will increase over 250% and corporate tax will increase over 200%. That's just the next 4 years. I plan to outlive that by quite a bit. I don't plan on running anywhere. I don't collect only silver and nothing else. I don't have many preconceptions about that scenario, other than that I won't be holding worthless paper. If people want cigs and booze that's fine, but I won't be giving my food and resources for that stuff. ;) I don't need my silver to survive. It's for keeping me from being robbed by the system and to have my wealth at my disposal regardless of what takes form in the future.[/QUOTE]
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