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<p>[QUOTE=&quot;medoraman, post: 1998213, member: 26302&quot;]OP, ETF&#039;s track spot pm but do not necessarily have to track it perfectly, so there is some basis risk. Only large holders of them have the right to petition to take physical delivery. </p><p><br /></p><p>Overall, the benefits of owning &quot;paper pm&quot; is much lower transaction fees, and much lower buy/sell spread. The advantage of owning physical pm is no counterparty risk and lower carrying fees, (ETF&#039;s charge yearly fees, so long term its cheaper if you store pm yourself). Plus, with physical you can look at pretty metal, or have that metal in the form of a pretty coin. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> The downside, of course, is always someone can steal said pretty pm from you, something not possible with paper pm.[/QUOTE]</p><p><br /></p>

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