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<p>[QUOTE=&quot;Cloudsweeper99, post: 1476716, member: 3011&quot;]Why is this untrue statement so widely repeated?&nbsp; It is easy to check.&nbsp; <a href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/slv_vic_11_2011.pdf&amp;mimeType=application/pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/slv_vic_11_2011.pdf&amp;mimeType=application/pdf" rel="nofollow">http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/slv_vic_11_2011.pdf&amp;mimeType=application/pdf</a></p><p><br /></p><p>A little multiplication will prove that SLV is fully backed by physical silver.&nbsp; And since every bar has a verified serial number, there is no double counting or duplicate ownership.[/QUOTE]</p><p><br /></p>

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