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<p>[QUOTE=&quot;gboulton, post: 1014022, member: 27043&quot;]CoinKeeper,</p><p><br /></p><p>I&#039;ve had a KITCO pool account for about 3 years now.&nbsp; As far as the ability to trade PM easily, with minimum premiums, you&#039;re right...excellent.&nbsp; Their service is also top notch, ime.</p><p><br /></p><p>There are, imo, 3 &quot;downsides&quot;</p><p><br /></p><p>1) You can not purchase with a credit/debit card...purchases MUST be money orders, bank transfer, check, etc...with the accompanying delay in postal time, etc.&nbsp; This isn&#039;t a huge deal, PARTICULARLY if you only have to do it a few times, to fund the account originally.&nbsp; Merely an annoyance.</p><p><br /></p><p>2) There&#039;s frequently a bit of a delay in completing a purchase/sale, even if the funds are already in, or deposited into, your account.&nbsp; Not a HUGE delay, but say 1 business day...again, more of an annoyance than a real issue...it just seems that in today&#039;s world, their system could say &quot;Oh look...yes, you have the funds on hand, ok, sale complete&quot;.&nbsp; not as if they have to &quot;package&#039; anything.</p><p><br /></p><p>3) As said above, there&#039;s NOTHING physical or tangible backing any of this up.&nbsp; Invest accordingly.</p><p><br /></p><p>===================================</p><p><br /></p><p>As a satisfied Kitco pool customer for several years now, I&#039;d put it this way:</p><p><br /></p><p>Would I use it as an inexpensive way to invest in metals for the long term, under a buy and hold strategy?&nbsp; Absolutely not.&nbsp; My long term &quot;wealth protection&quot; DEMANDS having the metal on hand...that&#039;s the whole point.</p><p><br /></p><p>Would I, and do I, use it as an inexpensive way to &quot;play the market&quot; with small amounts I can afford to risk losing, in an effort to profit from short term movements in PM prices?&nbsp; Absolutely.&nbsp; In this regard, for me, it&#039;s like poker.&nbsp; Yes, there&#039;s a risk of losing my whole bankroll, but that risk is small, and further mitigated by sound play and strategy, and knowing not to take your entire wad of cash into one game. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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