Silver has also been a very popular investment, though not as
quite as gold, since silver isn't necessarily seen as a monetary
base for countries. The iShares Silver Trust (
SLV) is the premier silver ETF for traders and investors. However,
unlike GLD, SLV has some serious issues that everyone should take
note of.
I was reading through the prospectus and came upon several red
flags. The following excerpts (click to enlarge images) have been
taken directly from its prospectus. Please read carefully.
Not quite as bad as the PIG called UNG, in which the prospectus
states "you will be screwed, we will manipulate everything we can
to ensure that we get paid alot and that it comes out of your hide"
We guarantee the fund will not track the spot price of natural gas,
mainly to refer back to rule number 1. We will send you
complicated tax forms to get your accountant mad.
Beware of SLV
Posted by ditch on 28th of Aug 2011 at 04:23 pm
http://static.seekingalpha.com/uploads/2011/8/22/719120-131404279773427-Kraken_origin.png
Switch to SIRV instead.
Silver has also been a very popular investment, though not as quite as gold, since silver isn't necessarily seen as a monetary base for countries. The iShares Silver Trust ( SLV ) is the premier silver ETF for traders and investors. However, unlike GLD, SLV has some serious issues that everyone should take note of.
I was reading through the prospectus and came upon several red flags. The following excerpts (click to enlarge images) have been taken directly from its prospectus. Please read carefully.
thanks for pointing those out. Not
Posted by steveo on 28th of Aug 2011 at 10:35 pm
thanks for pointing those out.
Not quite as bad as the PIG called UNG, in which the prospectus states "you will be screwed, we will manipulate everything we can to ensure that we get paid alot and that it comes out of your hide" We guarantee the fund will not track the spot price of natural gas, mainly to refer back to rule number 1. We will send you complicated tax forms to get your accountant mad.
Friend don't let friend own UNG
Title: Beware SLV Ditch, I think
Posted by mcpp on 28th of Aug 2011 at 08:01 pm
Ditch, I think you meant SIVR, no?
Thanks for the heads up
Yes, SIVR thanks
Posted by ditch on 29th of Aug 2011 at 10:40 am
Yes, SIVR thanks