more smoke and mirrors

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aitakahashi

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more smoke and mirrors

posted on Jul 11, 2008 07:24AM

on july 21 the silver etf is going to split 10-for-1. i have no idea what barclays thinks it is going to accomplish by doing this, but it isn't going to create one more ounce of silver supply. if they think this will make slv more affordable for the retail investor, they will be disappointed. the little guys who can't afford slv at $180 aren't going to buy it at $18; they're already using what money they have to buy real silver coins at these prices.