The biggest short squeeze in the world?, page-94

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eztrang

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30/01/21

05:39

Post #: 50564376
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Originally posted by hilldweller: ↑

About ETPMAG
ETPMAG offers investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the Australian dollar price movement of silver less a daily management fee.

ETPMAG is backed by physically allocated silver bullion held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery is accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.

ETPMAG is an exchange traded commodity ("ETC") that can be created and redeemed on demand (by Authorised Participants). It trades on **promotion blocked** just like a share and is settled and held in ordinary brokerage accounts.

Why Consider ETPMAG?
Low-cost access to physical silver bullion
Silver is traditionally used as a store of value and often seen as an inflation hedge
Provides exposure to the supply and demand dynamics for silver in areas such as alternative energy generation and battery production
ETPMAG units are redeemable directly with the issuer for the underlying bullion

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"silver bullion held by JPMorgan Chase Bank"

Seriously?
Do you trust them the actually have the silver?
If they do have it, do you trust them not to sell it or give it to the government in the event of a crisis?
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The biggest short squeeze in the world?, page-94

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