| Do you remember JPMorgan's Physical Copper Trust? Registered in October 2010 with the Securities and Exchange Commission (SEC), it was probably one of the most controversial commodity investment vehicles ever conceived.
Although structured as a publicly-traded stock offering, it was to be backed by physical copper, 61,800 tonnes of it. Within days BlackRock had filed for an identical product almost twice the size with an implied holding of 121,000 tonnes. Copper manufacturers were outraged at the concept of nebulous "investors" stepping into the physical supply chain and several of them fought a two-year rearguard action in the courts to block it. ..............................................Full Article: Source
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