re: silver etf not yet approved! posters Guys,
You need to read the articles written on this ETF and get the facts;
1. Buffets 130M oz have been leased out and are thus unavailable. Any reference to the 130M oz requirement and Buffet being the supplier is total speculation.
2. The ETF only requires 10M oz to get started! The rest will be purchased as the demand for the ETF shares dictates.
3. Those that believe the premium for the ETF has already been built into the silver price would be better off investing elsewhere as the silver price will rocket once announced.
4. Silver rise of late has been on the back of its base metals buddies, copper and zinc. There are plenty of charts and analysis done on the relationship between these metals.
5. Silver also has a relationship with the PM's so an investment in silver is a good two way bet.
6. Silver $12 not far off before the next correction. The depth of the correction and the speed of the recovery will tell investors how powerful this bull market is.
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