Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 122788, member: 3011&quot;]I&#039;m both a collector and investor, and this seems like a non-starter to me.</p><p><br /></p><p>First of all, there has to be a way to establish a net asset value each day for the coins owned by the ETF.&nbsp; It would have to be auditable.&nbsp; Coins are more like real estate than 1000 ounce silver bars, each one is a little different.&nbsp; Without the standardization, valuation becomes a big issue.&nbsp; There is also the question of size.&nbsp; Many people believe the silver ETF will eventually run into problems due to the lack of silver bullion.&nbsp; Institutional investors today control enormous sums of money.&nbsp; The SEC probably wouldn&#039;t even approve the ETF unless and until they could obtain possession of at least $1billion in coins.&nbsp; Assuming they would only want high grade merchandise, that would take a lot of material out of the marketplace.&nbsp; Could they even obtain $1billion worth of high grade Morgan dollars?&nbsp; Could the ETF liquidate large blocks of coins at close to the value stated on their books?&nbsp; How easy is it to sell, say, $50 million worth of Morgan dollars in two days?&nbsp; Anyway, it just isn&#039;t going to happen.&nbsp; The ETFs haven&#039;t even been around long enough to prove they work for gold and silver.&nbsp; They haven&#039;t been &quot;stress tested&quot; so to speak under difficult market conditions.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in