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<p>[QUOTE="xtronic, post: 1021553, member: 24288"]The anti-metal EFT arguments alway rings weak to me. </p><p><br /></p><p>"You can't get delivery!" or "They wont show me the metals they have in storage!", hints that said person doesn't understand the tool or wants to regurgitate some drivel they heard on a gold bug podcast.</p><p><br /></p><p>Example; many use oil EFTs or Asian mutual funds....do you want to take delivery of these? How can they "prove" to you that they have stock on hand from 100+ Asian companies? The answer is the same for almost every single stock,mutual fund, bond or EFT.</p><p><br /></p><p>Would I personally want to keep my "very rainy day" fund in a metal ETF? No.</p><p>Do ETFs play a important, inexpensive and liquid roll in many investment strategies? Yes.</p><p>Should you get your financial advice from conspiracy theory radio/blog editors? No.</p><p>Will Krispy rip me a new one, taunting me until I regret posting? Likely.</p><p><br /></p><p><br /></p><p>Like most investment vehicles, SLV or GLD (the major metal ETFs) are just tools. Learn and use the tool if it will help you reach your goal, in a balanced and educated way.</p><p><br /></p><p>PS. You can used stops to limit loses.[/QUOTE]</p><p><br /></p>
[QUOTE="xtronic, post: 1021553, member: 24288"]The anti-metal EFT arguments alway rings weak to me. "You can't get delivery!" or "They wont show me the metals they have in storage!", hints that said person doesn't understand the tool or wants to regurgitate some drivel they heard on a gold bug podcast. Example; many use oil EFTs or Asian mutual funds....do you want to take delivery of these? How can they "prove" to you that they have stock on hand from 100+ Asian companies? The answer is the same for almost every single stock,mutual fund, bond or EFT. Would I personally want to keep my "very rainy day" fund in a metal ETF? No. Do ETFs play a important, inexpensive and liquid roll in many investment strategies? Yes. Should you get your financial advice from conspiracy theory radio/blog editors? No. Will Krispy rip me a new one, taunting me until I regret posting? Likely. Like most investment vehicles, SLV or GLD (the major metal ETFs) are just tools. Learn and use the tool if it will help you reach your goal, in a balanced and educated way. PS. You can used stops to limit loses.[/QUOTE]
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