puttster

Want to Own Silver? Forget About SLV

LOL, you just made up that definition of inventory!


On Sep 18 11:57 AM Jeff Nielson wrote:

> Puttster, you obviously need help with English before you can understand
> my commentary.
>
> By DEFINITION, an "inventory" represents the quantity of a good which
> is "for sale". By definition, a privately-held asset is NOT for sale,
> unless/until the owner of that asset officially lists it on the market.
>
>
> When I go to a coin dealer and purchase a 1-oz coin, my silver is
> NOT added to global inventories. I am still waiting for ANYONE to
> provide a rational reason why ALL ETF-silver is added to inventories
> but purchases of REAL silver are not.
>
> If you (or anyone else) can cite any legal authority for the custodians
> of SLV (and others) putting a "for sale" sticker on ALL silver (supposedly)
> held in trust for its private investors, please do so.

Want to Own Silver? Forget About SLV

I have to say Jeff, I cannot make any sense out of your claims.

Your big claim: "there could be no possible justification for adding this (ETF) silver to global inventories. When a person buys a unit of SLV, that ounce of silver is now privately-held."

That's just goofy. What does your accusation of "now privately-held" mean? Look, if I buy the ETF SPY would you say the underlying stocks are now "privately held"? Dude, somebody owned it before, now another person owns it, what is all the ranting about?

Much ado about nothing!