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Dave Kranzler: Silver, SLV, and shell games
5:33p ET Monday, February 8, 2021
Dear Friend of GATA and Gold:
Reflecting on the reports in the last 24 hours from Chris Marcus of Arcadia Economics and Ronan Manly of Bullion Star about silver and its exchange-traded funds, Dave Kranzler of Investment Research Dynamics gets the impression that both the main gold and silver exchanged-traded funds are essentially shell games.
That is, Kranzler writes, the ETFs don't provide enough accountability for any investor to be sure that they really have all the metal they claim to have -- that they are just extensions of the longstanding fractional-reserve gold banking systems operated by bullion banks and central banks to discourage possession of the actual metals by the public.
Kranzler's analysis is headlined "Silver, SLV, and Shell Games" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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