2008-09-16 — telegraph.co.uk
``Shareholders were left unable to trade popular commodity securities yesterday, due to fears over the future of their backer, AIG... ETFS said it was working on providing its customers with liquidity, and added that its other products, which are physically backed rather than backed by futures contracts, were unaffected. These include Metal Securities and Gold Bullion Securities. Shell-backed Oil Securities, is also unaffected by AIG's problems, with ETFS reporting active markets in all of these products.''
Wonder if precious metals issues were included in the paper market securities. That would certainly be ironic.
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