I am thinking of investing in kitco pool. Palladium,platina silver, rhodium. Gold I will keep in my safe for safehaven. But how safe is it to invest in kitco pool if kitco going bust?? Will I lose my investment? Is Kitco backing up ALL the investments with precious metals? and how can I know they do?? someone knowing this??
These are all probably better questions for Kitco. They probably have Terms & Conditions specific to their PM pool on their website. If something is not clear, I would definitely call them before investing. Good luck, TC
you don't like having physical? Best feeling in the world to hold your own precious metals in your own hands
PM investment in general is risky. That said, the "pool" concept for Kitco is safe in the sense that they probably won't just run off with your money. However, unless you're talking about a lot of PMs ($250k+) or silver ($5k+), you might be better off buying from Provident or somewhere and taking physical possession, if you're concerned about safety of the pool.
"I was nervous about this investment, but I asked some strangers about it on an internet forum and they reassured me." Hmm.
Better to simply buy your own PM's and hold them yourself. You'll save money that way and you won't have to worry about someone else.
