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25/01/26
21:07
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Originally posted by Idle Wanderer:
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"Well, there's no accounting for stupid" as my Mother used to say. What part of "independent audit" don't you understand? Is this a windup? Not as far as I can tell. What are you missing? Perhaps you missed page two? The audit on that day shows 100% agreement between what is supposed to be there, and what is. It's 100% allocated and numbered physical bars and audited. 13,911,673 ounces, nearly two billion aussie dollars worth of silver weighing approx 400 tonnes at date of audit. Some of it mine. Each day the net of buys and sells flows in or out. As new silver is purchased, some workers go to one part of JP Morgan's vaults and move physical bars onto ETPMAG's pallets. I'll take counterparty risk with JP Morgan and the others listed on the Audit sheet anytime over dealing with some random on EBay or FB Marketplace. But each to his own. I'm satisfied my bars are "London Good Delivery" and not made by some scumbag in Rooty Hill, too.."My personal view is that to list PM ETFs on the same boards as Physical Gold or Silver is ans abomination of share market laws, rules and conduct" Care to expand on that statement? Where is physical gold and silver traded on the ASX? Bottom line is I very much doubt you've thought your wild allegations through..
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That "scumbag in Rooty Hill" has an address and might have some credibility . The JPM dealers would sell their own mothers and close the doors at the blink of an eye .