theo wrote:I can't speak for Ray, but I would respond in two ways.
1. All ETFs are not created equal. While I have serious doubts about SLVs physical backing, I have more confidence in other funds like Sprott's. Therefore I invest in PSLV and avoid SLV.
2. I will also play the market with funds like AGQ. They, at least, are honest about the fact that they trade in options contracts and not physical. Some investors may play the market by trading these funds and use their capital gains to buy physical.
I agree with you. My question was how Ray can essentially call them, to quote the mom on Water Boy, "the devil" and yet use them.
I use them and am fine with it as I think they are not the devil
