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<p>[QUOTE=&quot;mikem2000, post: 1506342, member: 30574&quot;]Ok,</p><p><br /></p><p>No more smart remarks from me and I understand you are trying to do right by your family and I think it is a decent attitude to only be wanting a decent quality of life.&nbsp; I myself am not the greedy capitalist, I may come off as.</p><p><br /></p><p>So just the facts here.</p><p>First, GLD and SLV IS backed 100% by physical metal.&nbsp; You can look it up yourself in the funds perspective.&nbsp; They hold no futures contracts, no cash, just metal.&nbsp; It is stored in vaults and audited by independent 3rd party firms.&nbsp; Now this is different than, lets say the copper ETF&#039;s.&nbsp; Currently there is no copper based ETF that is backed by physical metal.&nbsp; They hold futures contracts, etc. Interesting enough, they are lookingto start a physical metal copper ETF, but there is opposition, and the opposition thinks it may spike the price of copper to fill the demand for the ETF.&nbsp; So right there you see a physical metal ETF does contributute to real demand. There are also many advantages to the ETF. The ETF is more liquid, and costs less&nbsp; (premium over spot is much cheaper)&nbsp; You just can&#039;t run your fingers through it.&nbsp; You don&#039;t need to pay insurance and storage costs either.</p><p><br /></p><p>Moving on, I have no love of cash either.&nbsp; You just cannot preserve or build weath holding cash.&nbsp; It just doesn&#039;t work.&nbsp; Now, when you purchase equities, you have much more than a piece of paper.&nbsp; You own some of the land, the buildings, the rights to their products and patents, and future earnings.&nbsp; Does it always turn out well? Of course not, but my point is, it is much more than a piece of paper.</p><p><br /></p><p>And my last point for now.&nbsp; A lot of silver stackers, yourself included, think they are preparing for the inevitable total collapse of the greenback.&nbsp; Two things about that, there is only a very slim chance you will see that in your lifetime and even if you do, it will be nothing like you are thinking.&nbsp; If the USD has a total collapse, it will be far reaching and every currency and culture on the planet will be affected. The bottom line is you will not have anyplace to run with your silver.&nbsp; Silver can not be eaten, cannot be smoked, does not keep you dry, does not keep you warm.&nbsp; In the dooms day scenario it will have no value.&nbsp; You cannot possible think, that you will still be able to drive to your local WAWA and the shelves will be stocked, but only folks with silver will be able to purchase goods.</p><p><br /></p><p>The way it will be is, you are working deals with neighbors and such trying to aquire neccesities.&nbsp; They will have something you want, and they will be looking for something in return. They will want cigarettes, booze, ammo, canned foods, nails, lumber,etc.&nbsp; When you tell them you have silver, they will tell you NO DEAL.&nbsp; Think about it, what good is silver anyway, it really is just another fiat currency once removed.&nbsp; It only has value because people say it has value ,especially after a total USD collapse and industrial demand falls to near 0.&nbsp; Also I am not buying it will always have value because it has always had value in the past.&nbsp; First of all, that is not true, if you go back far enough it had no value.&nbsp; Second, the past NEVER guarantees the future.[/QUOTE]</p><p><br /></p>

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