Where would you diversify? Physical silver, ETFs? Or the new leveraged derivatives of the global currency? maybe put some in the yuan? How about Gold vs Silver? what happened to the standard 1:16 historical ratio??
Oh boy, this is going to be an interesting thread. what happened to the standard 1:16 historical ratio?? The removal of silver and gold from circulation
It stopped being enforced by those coining and issuing money, and started tracking supply, demand, and production cost?
What are your preferences and what are your objectives? That will drive the answer that you are looking for, assuming you accept that answer. For instance, Say I want to play the "Daily Trading" game with silver the same way I do stocks, then holding physical silver is a killer to that strategy. ETF is the only way to go. If I want to hold Silver for the super long haul in hopes of a good return, then depending upon the amount of silver and the costs associated with an ETF of maintenance, etc costs compared to holding it in my own safe area (home safe, bank SDB, etc) and also calculating and having an available market in case of a quick sale, logistic costs, etc then that is the way to go (unsure of either as variables are all over the place). If you like to look at the pretty silver stuff, then an ETF does no good. As to Forex .. well, that's entirely different.
I dont like a piece of paper, i want something i can admire and look At 10 OZ Silver bars is a good choice, wont break the bank But some are really cool, here are some examples of my Portfolio
Have a few more then this, but really like the poured stuff Johnson Matthay and Engelhard, here are some close ups.
Personally, I like both ETFs and physical silver. ETFs I feel, in general, can be exicuted quicker and easier when there is a price movement, and the cost to trade them is much lower than that of physical silver, as you do not have to physically move them. (Personally, I use robinhood b/c there are no commission fees). However, physical silver is a lot more fun than an ETF and you can find value, such as numismatic value in 90% silver lots and semi numismatic bullion pieces that are simply not represented in ETFs. Also, physical silver is more useful in some sort of a natural disaster/ emergency type situation. Personally, I love using ETFs to diversity in general because they can just track much as far as different companies and entire industries are concerned. This is just my two cents. though.
