Tuesday, July 28, 2009
Earlier this afternoon, a report(.pdf) was released by Project Mayhem Inc., a wholly owned subsidiary (perhaps?) of uber-blog Zero Hedge, detailing rather large anomalies found in the silver bar inventories for both the giant $4 billion iShares Silver Trust (NYSEArca:SLV) and a similar product from London-based ETF Securities.
Silveretfs 1 PDF
Clearly, 12 percent duplicates is far too high a number. It would be interesting to see what the SPDR Gold Shares ETF(NYSEArca:GLD) looks like - they're probably working on that.