Silver ETF Reaches New Inventory High

[webmaster]

Subject:Silver ETF Reaches New Inventory High
By: Tim Iacono

Overview: If only the futures price would catch on to what has been happening over the last year or so at the world's largest silver ETF, the iShares Silver Trust (NYSEArca:SLV). With a massive addition of 218 tonnes on Friday, inventory reached a new all-time high of 7,063 tonnes.

Link: http://news.silverseek.com/SilverSeek/1231857472.php

[mwinn]

The silver ETF is the enemy of free trading silver. It is controlled by the same crowd that pushes paper silver as the preferred method of holding and trading silver. In reality, and more worrisome, is the distinct possiblity that it is a convenient "collection" point for easy future confiscation. I avoid it like the plague.

[Ardent Listener]

I recall when I first came aboard here how excited many people were about the first silver ETF. It was going to shoot the price of silver up to the moon many said.

Just like the goldsmiths of old who held gold for others in their vault for a price, the temptation was too great not to lend out a "little" of it for a profit. "Not everyone ever asked for their gold all at once after all. So what's the harm?" That was the start of fiat money as we know it today.