Another key factor is that some enterprising group or individual might start a private fund with characteristics similar to the proposed silver ETF.
Gold hit a 25-year peak while silver rose to a 22-year high as fund managers turn to commodities. We want to thank this most trusted source and are almost certain there will be some articles on the Internet soon. Securities and Exchange Commission yesterday and the shares will begin trading today on the American Stock Exchange.
Ted thinks there is a chance that someday the regulators will have to rescind, or somehow restrict, the ETFs. As usual, Warren Buffet will have done good by doing well. Even though metals have been volatile, this downturn was a bit puzzling as gold is usually considered the safe haven. Perhaps once the situation sinks in investors will look to gold.