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<p>[QUOTE=&quot;desertgem, post: 1689347, member: 15199&quot;]The only ETFs for PM that I have read their prospectus ,and posted the link here, is SLV and GLD. Common shares ( non-principle shares) can not be dispersed as physical, except in large baskets with a wait time and high cash out premium. The shares that are traded on the market belong to the people firms trading, and do not affect the amount of silver /gold the fund owns unless one or more of the principles want to jump ship, and that would be in SEC filings. This fall gives the custodian and principles a great chance to increase their pm level so they can issue more shares to the public in the future when some recovery appears visible. The &quot;Fund &quot; makes most of their value by selling the initial shares of the ETF, not by the market reselling ( buying selling). Nice chance for JPM and all of the financial principles to build for their future gain and use some of their recent profits in &#039;regular&#039; banking . IMO.[/QUOTE]</p><p><br /></p>

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