Loading ...This is my opinion and I have yet to see anything to change my mind. As Ipso stated, ETF’s are nothing but derivatives!! Aside from Sprott, they were created by ENEMIES of PM’s, not their friends. They were created by banks and brokerages for the purpose of controlling whatever sector the ETF represents for the profit of the institution that created them. The key word in the charter of all these ETF’s is TRACK. They all state that they TRACK the stocks their ETF represents. Nowhere do they say they own or buy the shares they represent, although it is possible they could for the purpose of shorting the stocks in the ETF’s they track thus nullifying your purchase. So IMO these ETF’s, aside from Sprott, are nothing more than giant slush funds to control the markets, and I personally refuse to play their game.
Far better to buy the actual stocks that represent actual ownership in the sector. To do otherwise is just shooting yourself and everyone else in the foot. All in my Silverngold opinion!!