Comment Text:
The custodians of ETF funds that deal with Silver and Gold (JPM and HSBC) should be banned from any futures contracts purchases or sales on the physical silver and gold commodities as well as on their own related ETF shares, as it would be in contradiction with their required retention of physical silver to cover all of the ETF shares sold and not the use of IOUs or paper substitutes backed by unallocated and many times inexisting physical resources. Their vaults need to be audited by an independent agency to verify that investors are being told the real story.
