Hi dub,
Given that I've been reading about silver and gold shortages for 8 years the only conclusion I can come to is that the silver spruikers are scamming the suckers.
A few days ago gold ETF's still had 1,521 tons on hand.
IShares has 10,017 tonnes of silver
KEY FACTS
Column 1
Column 2
0
Net Assetsas of 10-Sep-2015
$4,740,074,547
1
NAV per SLV in Silveras of 10-Sep-2015
95.42%
2
Ounces in Trustas of 10-Sep-2015
322,060,113.40
3
Tonnes in Trust as of 10-Sep-2015
10,017.19
4
Asset Class
Commodities
5
Exchange
NYSE Arca
6
Indicative Basket Amountas of 10-Sep-2015
47,712.500
7
Basket Amountas of 10-Sep-2015
47,713.100
8
Benchmark
LBMA Silver Price
9
Index Ticker
SLVRLN
10
Inception Date
Apr 21, 2006
And the Comex had 163.77 million ounces of silver, about 4,643 metric tons.
