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<p>[QUOTE=&quot;Cherd, post: 25263027, member: 24754&quot;]I think that the spot price of precious metals these days is based less on people exchanging physical and more on action in ETFs.</p><p><br /></p><p>That money (big money) doesn&#039;t worry about premiums, stacking, buy-back prices, etc. They only care about &quot;Number go up&quot; and &quot;Number go down&quot;.</p><p><br /></p><p>I have to admit, I swing trade precious metal ETFs when the spot prices hit what I feel is a bottom (I&#039;m up about $1K on a $10K buy over the past few weeks <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie80" alt=":shame:" unselectable="on" unselectable="on" />).</p><p><br /></p><p>Shares in an ETF won&#039;t do you any good if society collapses to the point of apocalypse, but buying into and out of ETFs is superior in pretty much any scenario short of that. Negligible middle-man premiums (0.0014% per day), don&#039;t have to haul and store the stuff, can buy or sell in an instant, etc, etc.[/QUOTE]</p><p><br /></p>

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