Will you be able to eat your dollars during a financial collapse? Will you be able to even trade your dollars for food in a financial collapse? I know people will take my silver before they take your dollars.
What exactly is stupid? The fact that the prospectus clearly outlines that noone is responsible if they find out that all the silver bullion they hold is fake? Or the fact that if you want to redeem your bars there are a number of mechanisms that can be employed at will to prevent you from doing so? Putting all that side, the clause of pre-paying the taxes is enough for me to know that SLV does not equal real silver.