Why would you remove details of what was on offer?
Can anyone post a link to the original text thanks?
I sold the fund and it moved to a new thread. The post had no information of value the links are all broken now. The bottom line is I charged a 1% fee to hold silver for the fund. If anyone is interested I could put together a new proposal and update the original post text. I will do some research to see what would be the best way to issue such a product.
What would you like to see for features? Would you want to be able to receive delivery of silver for a certain fee? What would be a reasonable fee? What would make you feel safe investing in the fund? Could a certain amount of BTC held by a 3rd party escrow with the option to insure your investment be an option? Should the fund be based in grams to make entry cheaper or should it be in ounces? Should it be only a silver holding fund with generic holdings or should we have custom coins made and offer them for resale at a profit to purchase more silver to grow the fund?
Without having the OP to read, it sounds like they have a quantity of Silver and issue certificates in their stead. The only problem with that is if they were to then lend the silver as part of a loan guarantee (or indeed sell it at a price peak hoping the market then goes back down). The trouble would then be should investors want to reclaim their funds (silver) only to find the cupboard is empty.
If taking delivery of silver is an option investors want then it could certainly be made available. If that is the direction this fund is to take I would think that buyers would be better off just buying whenever they wanted from a storefront that accepted Bitcoin. Unless the fund had unique silver coins that could also be sold to provide additional income to offset the cost of having the coins made. This would be a bigger project and I would have to do a lot of running numbers to see what kind of markup for original investors this would require. I would also have to find someone to build a storefront and an exchange. I think it could be done over time. If there is demand I would be willing to give it a try and take every precaution possible to protect investors.