Personally, I prefer an ETF where JP Morgan is not custodian. And there are not many left e.g., Sprott physical gold and silver ETFs to name one of a very few.
Why would I indirectly give more business to a Bullion Bank for its role as custodian when it was fined US$920 million for manipulation of the precious metal markets.
My negative sentiment towards certain ETFs is because of their involvement with JP Morgan, low audit frequency or lack of transparancy when it comes to technically impossible allocations of physical silver bullion during recent fund inflows (follow the SLV ETF story where JP Morgan is also a custodian).
GLTA
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