Long ago I read the gld prospectus and they did deliver. Must have like 100,000 shares or $100k I forgot which plus an a physical acct etc.
I know gld does store and is like a top 5 buyer of physical gold. I think there is a positive correlation between paper gld and physical (but yes, it all is run by AI and Satan and can change at any moment)
Will read this. thanks.
slv is backed by physical. (where the exchange is who knows ).
Right. But there is in general , minus a million ways these AI Demons screw you, purchases of physical silver in slv.
So if everyone suddenly bought slv and options to make it pop, that would cause the trust to start a run of physical buying.
not investment advice. But just saying options and leveraged etfs are a 100 times more explosive too :)
Read the prospectus. They store it. It can be redeemed. Sure there will be a million ways to fuck you over along the way and I am sure no way small investors can get physical ag out but ..
SLV basically stores physical and can be redeemed