Are the Gold and Silver ETFs backed by precious metals

The latest concerns about the Gold and Silver Exchange Traded Funds (ETF’s) comes from John Embry of Sprott Asset Management.  John has been speaking at the Silver Summit in Spokane, Washington where he has expressed doubts about the precious metals ETF’s actually having the metal that they claim to have.

The report has been compiled by MineWeb’s Dorothy Kosich and is headlined, “Sprott’s Embry Warns Investors to Make Sure ETFs Backed by Precious Metals”

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