ETFs are evil and a tool of the Corpo-fascists to destroy the true value of commodities. Case in point. Look at what they have done to precious metals.
That's a knock against precious metals themselves - they are not good enough to stand up against ETFs because no one has any use for them. The hassle of delivery and storage combined with the lack of any practical use of the metal itself to its owner (can't spend it as money directly anywhere, aren't going to make a spoon out of it). If this wasn't true then more people would be holding precous metals themselves instead of buying ETF shares in them.