Alex - if you still have faith in paper
- the only silver ETFs with much credibility as to actual physical silver backing are
Central Fund of Canada Silver & Sprott silver fund
(No idea if ISA-ble tho')
That said - Sprott keeps his silver at the ROYAL Canadian Mint (A crown corporation & Crown = Bankster families controlled ..as indeed Canada itself is - long story...just googly Canadian Crown Corporations for a list just by way of a circumstantial hint...quite suprising how many...pages.. of them there are).
As to anything held paperwise (electronic on screen record broker/nominee held etc)
- they can be borrowed - see my post above re GLD shares
- they can be hypothecated & re-hypothecated - the MF Global experience
or paper can be....
Cyprussed - shareholder wipe out, bond-holder wipeout, above 100,000 euro depositors -80% wipeout
Greeked - Sovereign Gov't debt holders 80+% - wipeout
UK Co-op'ed - bond holders - 80% wipeout
So i will leave my thoughts as to paper investments
- with just those comments.
And a chart illustrating what Johnny Foreigners opinion of ....US Treasury.... paper
is....
- getting the hell ...(discreetly without crashing the price)....out of dodge perhaps