buy electronic silver instead. it's much better for you. (SLV on the stock exchange)
1) the cost of buying electronically has less of a markup/markdown than physical silver
2) one can buy and sell instantaneously electronically - when the market is open at a fair price.
3) SLV is marginable which means that you can buy twice as much as your cash in your account.
it also means that if you need cash, you wouldn't have to sell your silver, but can borrow
against it at low interest rates.
4) you can sell options on the exchange against SLV to create income if you think silver is likely
to stay flat or go up very little during a specified time frame.
hope this helps
1) the cost of buying electronically has less of a markup/markdown than physical silver
2) one can buy and sell instantaneously electronically - when the market is open at a fair price.
3) SLV is marginable which means that you can buy twice as much as your cash in your account.
it also means that if you need cash, you wouldn't have to sell your silver, but can borrow
against it at low interest rates.
4) you can sell options on the exchange against SLV to create income if you think silver is likely
to stay flat or go up very little during a specified time frame.
hope this helps
Exactly what you DON'T want to do if your goal is to invest in silver. SLV/GLD are all backed with nothing, like buying magic beans. Perhaps good for a quick flip if you know what you're doing but certainly not investment material.
There are a couple more reputable paper silver plays which are a lot better option than SLV but I don't even trust those. There's the Sprott physical trust and also another Canadian one, forget the symbol.
GLD has actual gold bullion that they buy/store based upon their clients holdings.
i would strongly assume SLV meets the same criteria.
any broker can do this transaction, but since you know exactly what you want,
a good discount broker can do this trade. tdameritrade + scottrade come to mind.
commission should be about $10 or less to buy. same to sell. i believe electronic
gold/silver is much better for most people. if the financial system collapses, you
are probably better with bullion. get approved for a margin account and option
trading right after you open your account. you may NEVER use them, but to
have these weapons lock + loaded in your account might come in handy someday.
if you want maximum leverage. chicago futures exchange (CBOE + CME) offer
incredible bang for the buck. however most small investors get wiped out due
to fluctuations and poor money management.
i would strongly assume SLV meets the same criteria.
any broker can do this transaction, but since you know exactly what you want,
a good discount broker can do this trade. tdameritrade + scottrade come to mind.
commission should be about $10 or less to buy. same to sell. i believe electronic
gold/silver is much better for most people. if the financial system collapses, you
are probably better with bullion. get approved for a margin account and option
trading right after you open your account. you may NEVER use them, but to
have these weapons lock + loaded in your account might come in handy someday.
if you want maximum leverage. chicago futures exchange (CBOE + CME) offer
incredible bang for the buck. however most small investors get wiped out due
to fluctuations and poor money management.
actually you are highly mistaken here. there have been numerous reports by high ranking govt members that have stated at hearings that often times paper gld/slv are being traded at 100 times the amount these people have on hand. so for every 1,000 ozs of physical silver they have in their warehouse, 100,000 paper ozs are being moved for that. thats why many people predict you will see a price gap between slv stock price and the cost for an actual physical oz. ill find some of the youtube videos from the senate hearings or whatever it was.
Its almost common knowledge they use incredible leverage on these paper instruments. Ironically in "investing" with SLV/GLD you are helping to suppress the price of silver and gold.
I would recommend reading the fine print on SLV/GLD, its rather hilarious. For one JP Morgan (world renowned massive short position in silver) is, if I remember correctly, the caretaker of SLV. :lolBIG:
I think this Chipman guy is not going to be daytrading in silver futures so the ask/bid spreads are non-important. If storing it in a bank SD box, get the smallest size you can, because it will get heavy... He Pm'ed me saying buying 4-5 oz a week. A year of that gives you maybe 250 troy ounces of silver....not a lot of room needed in a SDB...that might only like the area of .....I don't know...5 packs of ciggies, a roll of duct tape, 4 bagels or something and like 15-20 lbs without doing the math conversions. A fsmall one full of silver is HEAVY, like well over 100lbs
My point is don't buy a huge SDB, the smallest one will get VERY heavy if you come near to filling it, and get it at around waist height, not too high or low....if you go that way.
You of course can store it on your property.
