Alex Stanczyk

Can a Dubai Silver ETF Send Global Spot Prices Higher?

I think it could have a substantial impact. There is a tremendous amount of cash looking for a home in the Arab theatre.

A very small portion of this massive stockpile of wealth, not to mention the Sovereign wealth funds, if it finds its way into the silver market via this ETF could have a massive impact.

The gold ETF GLD has drawn a huge amount of physical gold out of the trading market, and holds more than the national reserves of China.

A similar drawdown on global silver stocks because the Arabs choose to invest in this ETF versus not trusting one out of the US for example, could be huge.

I am looking forward to what happens with this.