placement should be the base ?, page-22

re: silver etf not yet approved! phillw < Buffet being the supplier is total speculation. >
Was it ever stated or implied that it was any more than a possibility? Note the words ‘if’ & ‘could be’

< Buffets 130M oz have been leased out and are thus unavailable. >
Unavailable? Wow, I didn’t know Buffett’s silver was leased out FOREVER, but clearly you have other information since you can state that it is UNAVAILABLE.
In my decade long experience in the leasing business most leases have a start and end date. Think about it!

< ……has already been built into the silver price would be better off investing elsewhere as the silver price will rocket once announced. >

Certainly hope so for you and your MMNO holding.
I feel far more confident about my real silver holding at Perth Mint.
All the best with your strategy.