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<p>[QUOTE="Cloudsweeper99, post: 128092, member: 3011"]Everything has pros and cons.</p><p><br /></p><p>Pool accounts are easy, but they are basically derivatives of silver and not silver itself. They are not safe and depend in the liquidity and financial soundness of the company [Kitco] issuing them. You own a promise to pay, not physical silver.</p><p><br /></p><p>Silver mining stocks are pretty risky since virtually every silver company has terrible management. Nobody is sure why, but that's just the way it is.</p><p><br /></p><p>Bars could be a problem on resale. The purity is easy to fake and many places won't buy them without an assay paid by the seller.</p><p><br /></p><p>The silver ETF is interesting, but the prospectus says that Barclays will not provide for an audit of the silver held in their name by various dealers. This might never become an issue, or it could sink them in a bad market. Nobody knows because it is a new product.</p><p><br /></p><p>Silver coins have pretty high bid/ask spreads and are subject to theft or damage, but at least you have physical possession. They also do not require assay upon resale. If well bought, the return could be greater than the movement in the price of the bullion [or not].</p><p><br /></p><p>Pick your poison.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 128092, member: 3011"]Everything has pros and cons. Pool accounts are easy, but they are basically derivatives of silver and not silver itself. They are not safe and depend in the liquidity and financial soundness of the company [Kitco] issuing them. You own a promise to pay, not physical silver. Silver mining stocks are pretty risky since virtually every silver company has terrible management. Nobody is sure why, but that's just the way it is. Bars could be a problem on resale. The purity is easy to fake and many places won't buy them without an assay paid by the seller. The silver ETF is interesting, but the prospectus says that Barclays will not provide for an audit of the silver held in their name by various dealers. This might never become an issue, or it could sink them in a bad market. Nobody knows because it is a new product. Silver coins have pretty high bid/ask spreads and are subject to theft or damage, but at least you have physical possession. They also do not require assay upon resale. If well bought, the return could be greater than the movement in the price of the bullion [or not]. Pick your poison.[/QUOTE]
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