Loading ...Re ETF’s
Given the reputation of the likes of JPM etc, I would be more surprised if they had ANY metal, in their ETF’s….What they will most likely have is a note from the JPM dealing desk, saying they will cover any demand for Phys, if it ever happens…..
Remember the Perth Mint and I think Wells Fargo had Unallocated Accounts, that let u buy Phys…they charged storage and insurance…..then someone opened a vault and Ooops that’s funny ….all they got was an echo !!!!!
Then later on they dreamt up ETF’s …..which basically do the same….let you think you are buying for the metal.
Sprott have their Phys etf’s audited independently, I think twice a year, but certainly annually . They are the only ones to do it….for some strange reason.