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<p>[QUOTE=&quot;CoinKeeper, post: 1015064, member: 16707&quot;]The amount I put into the Kitco pool account, accounts for a very small fraction of what I have invested in other places. I have the ability to lose money without it affecting my life in a drastic way. I&#039;ve also made 35% profit on my gold and silver investments from 1-2 years ago and I am looking to turn that profit into palladium. My <u>profit</u> equates to about 2 ounces worth of palladium, so if I do lose all of it, it would suck alot, but I don&#039;t see palladium dropping to $0 anytime soon. In addition, I have done plenty of research regarding investing in bullion. Buying a couple ounces of palladium into a Kitco pool account made sense to me. I wouldn&#039;t have to pay shipping costs, insurance, and a higher premium. In addition, it&#039;s hard for me to sell physical palladium locally without selling it for under spot. There&#039;s a higher chance of my palladium being lost in transit, somebody stealing it from me, and of my bank (which has my safety deposit box) burning down than Kitco going under and losing my money. Also all their pool accounts are 100% backed by vaults around the world. By buying palladium into a pool account, I pay a significantly reduced premium compared to a physical bar ($3-$4 vs. $20+), and the buy back price is less than 1.5% below spot. I can also sell 0.1oz if I want and keep 0.9oz...the ability to do this is a positive thing in my eyes. Heck, I can even buy rhodium through Kitco&#039;s pool account. </p><p><br /></p><p>My reason for starting this thread was to get somebody&#039;s <u>first hand experience</u> in dealing with Kitco pool account&#039;s. Their viewpoint is valuable since they have first hand knowledge regarding my topic of interest. In addition they did lay out the pros and cons of a pool account, and I acknowledged them in my decision. But ultimately, the pros outweighed the cons for my situation. For somebody else, this may be different, but for me, a Kitco pool account made sense.</p><p><br /></p><p>And remember, I only bought 2 ounces of silver to start my account, I&#039;m not jumping into things. I sold alot of my bullion this week and the last and made a nice profit, but I still have much, much more invested in physical bullion than I do in a pool account. I&#039;m waiting and seeing how the markets play out. I believe that metals will cool off a bit after this run, and that&#039;s when I&#039;ll buy. For now, I&#039;m just watching things play out.[/QUOTE]</p><p><br /></p>

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