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Coeur Mining, Inc. Message Board

  • monarch6500 Mar 4, 2013 11:47 AM Flag

    Class action suit against silver paper ETFs needed.

    There are two types of silver ETFs.
    Metal backed
    Non metal backed.

    The non metal backed ETFs divert money from the physical thus lowering the price of silver.

    The miners are damaged. Earning per share and borrowing costs.
    The investsors are damaged. Share price manipulation.
    The countries that collect taxes on the silver produced are damaged. Decreased revenues.

    Would seem simple to correct with a honest judical system and honest SEC.

    200 ounces of paper silver for every ounce of physical silver (kitco) demonstrates the amount of fraud.

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