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<p>[QUOTE=&quot;Cloudsweeper99, post: 911579, member: 3011&quot;]The ETF will generally have audited financial statements, an inventory of bars by serial number, and a variety of SEC reports and filings with regulatory agencies.&nbsp; I agree with you that anybody who doesn&#039;t believe the metal is there in the face of this information, and requires a level of proof beyond what is legally required has no business investing in the ETF, or any other stock or bond or mutual fund or bank.&nbsp; You have no assurance beyond the paper trail that any company or institution does or owns what they report.&nbsp; Just own physical bullion in that case.&nbsp; You&nbsp; should never buy anything you don&#039;t feel comfortable owning.&nbsp; </p><p><br /></p><p>On the other hand, if your only evidence that the metal is not their is that someone wrote it on the internet, you are back in the same&nbsp; boat of believing without requiring the writer to prove it.</p><p><br /></p><p>I recall that SLV has almost entirely allocated silver bars in storage with the custodian except for a very small amount.&nbsp; You are correct that everyone should read the prospectus to get comfortable with the procedures followed by the ETF you are thinking of buying.[/QUOTE]</p><p><br /></p>

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