iShares Silver Trust (SLV)

[True Blue]

I dont know the full implications of a 1:1 exchange. It will, however, be the place where physical silver moves to as a place where true price discovery will occur. I presume this because under our current system one could try to buy a Comex contract and get it filled but since there is so much dilution currently nobody wants to commit to holding a paper contract and hope they got a good price in the future. Now when it comes to futures prices I may not fully understand but when it comes to a Comex contract I do think what is missing is this 1:1 exclusivity. We all know that Silver trades in the 100's multiples of Comex contracts without any true stewardship. Who wants to trade in a market where you know you are getting screwed and dont own the underlying asset??

The 1:1 seems like the true path out of this mess. Own what you buy.