Silver’s $50 Dream: Should You Jump In?

snowball in hell

my opinion the little guy should not buy silver you should buy silver efts and the reason for that if you want to sell them you don't get harpooned if you buy silver bullion which I dealt with for years you'll pay a small premium over spot but when you go to sell it you will get less than spot yes on the Long haul it's a good deal if you buy it it 15 and in the market's 40 and they pay you $35 you made a lot of money but if you had an EFT you'd have gotten full tilt

The term is ETF, as in SLV and other silver ETF’s. There are upsides and downsides to owning shares in an ETF, as there are in holding physical silver. If you have a safe, secure place to store it, physical silver and gold are preferred by many because an ETF is basically a stock, equity, call it as you will, and it’s sold in a market and markets can and do correct and crash. With physical silver, yes there are corrections in price, and you can put your hands on it. Yes, the coin dealer sells silver over the spot price, they’re a business. They charge 3-5% under spot to buy your silver and 3-5% over spot to sell you silver. It’s a bargain! Sometimes there is a shortage of available gold and silver and the “premium”price will reflect the tight supply. I’ve owned both ETF’s and physical precious metals. I’ve been able to see the benefits of ETF’s, mainly convenience (at a significant cost), and the hands on benefits of real silver. I prefer real physical gold and silver.

As the dollar collapses, just add zeros to everything like Tanzania did. They still used money for toilet paper since it was equally worthless.