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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2214496, member: 71510&quot;]Putting precious metal in any sort of a &quot;paper held in lieu&quot; is extremely dangerous and in my mind a bad investment.</p><p><br /></p><p>There have been numerous stories around companies selling it &quot;on paper&quot; and never backing it with the metal to carry the investment.&nbsp; There was another story recently where people lost everything because a company went bankrupt by selling IRA metals and not backing the paper.&nbsp; It was just discussed in the bullion forum I believe.</p><p><br /></p><p>And in the best case where you find a good company, they will charge you buy, sell and management fees all throughout the investment.&nbsp; This erodes the entire purpose of the precious metal - to hedge against inflation and protect your wealth.</p><p><br /></p><p>The only way I&#039;ve ever bought &quot;on paper&quot; was by buying the mining stocks with the understanding of the risk.</p><p><br /></p><p>Other than that - I hold physical metal in a safe deposit box.&nbsp; The fees I pay are to the bank, they&#039;re fixed, and I don&#039;t have people promising me a tax dodge or false stories of holding it in their safe deposit box.&nbsp; If I want to make sure it&#039;s there, I simply go visit it and look at it.</p><p><br /></p><p>As far as the statement of &quot;many are turning to...&quot; well I wonder how many.&nbsp; It certainly isn&#039;t the majority.&nbsp; Sounds like another dupe.[/QUOTE]</p><p><br /></p>

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