January 28, 2006
The SEC should approval the silver ETF to give fair and equal access to all investors in the industry where the costs of storage preclude some legitimate investors.
The Silver Users Associate claims things like, "If the silver ETF is approved, it will mean lost jobs, lost wages, higher cost of products and a negative effect on the economy and the community where these jobs are based." For the most part silver is such a very small component of most products that even a 10 fold increase in the price of silver will NOT affect the end price of the product, jobs, wages and certainly never the economy.
Special interests groups like the Silver Users Association should never be allowed to use such unrealistic scare tactics to prevent fair and equal access to all investors.