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<p>[QUOTE="alucard86, post: 4731246, member: 71849"]This is why I switched to SLV when silver crashed to $11.90. SLV was just a little over $11.25. The ETF does hold physical silver in a London vault. SLV is always under spot, as it follows the market price for the physical metal. I don't have to store it. I don't have to deal with coin shop prices or online prices. My trading app is $0 to buy/sell. I can still do extend hours trading for free to buy/sell. And if I'm robbed the fund is not in my possession.</p><p><br /></p><p>When my LCS were still trying to sell their silver for $4-5 over spot when it crashed to $11.90 I said no thank you. Bought the ETF instead. Then in the $13-15s still the same premium, I said no thank you and loaded up at that price after my starting buy-in at $11.29. I stopped around the $16s with SLV and held. Recently sold 3/4 of my position yesterday at $27.11. It's at $23.05 after hours so I might just sell out tonight.</p><p><br /></p><p>I'll be back once the metal crashes again. If it doesn't well at least I bought low and sold high. I didn't have a coin shop owner tell me what it's worth to them. I didn't have to haggle with a buyer or lose eBay fees, etc. Just sold the shares of the fund for what the market has priced the ETF at closing.[/QUOTE]</p><p><br /></p>
[QUOTE="alucard86, post: 4731246, member: 71849"]This is why I switched to SLV when silver crashed to $11.90. SLV was just a little over $11.25. The ETF does hold physical silver in a London vault. SLV is always under spot, as it follows the market price for the physical metal. I don't have to store it. I don't have to deal with coin shop prices or online prices. My trading app is $0 to buy/sell. I can still do extend hours trading for free to buy/sell. And if I'm robbed the fund is not in my possession. When my LCS were still trying to sell their silver for $4-5 over spot when it crashed to $11.90 I said no thank you. Bought the ETF instead. Then in the $13-15s still the same premium, I said no thank you and loaded up at that price after my starting buy-in at $11.29. I stopped around the $16s with SLV and held. Recently sold 3/4 of my position yesterday at $27.11. It's at $23.05 after hours so I might just sell out tonight. I'll be back once the metal crashes again. If it doesn't well at least I bought low and sold high. I didn't have a coin shop owner tell me what it's worth to them. I didn't have to haggle with a buyer or lose eBay fees, etc. Just sold the shares of the fund for what the market has priced the ETF at closing.[/QUOTE]
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