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<p>[QUOTE="Blaubart, post: 1878744, member: 37498"]Much would depend on why one is buying silver. SLV does not fit my needs, no matter how small the premium is.</p><p><br /></p><p>Part of the appeal that precious metals have is portable wealth that is independent of the economy. If the economy tanks all of a sudden, and the markets are closed, how are you going to access the wealth you have stored in shares of SLV? If the stuff really hits the fan, do you suppose the people with access to the physical silver behind SLV are going to play by the non-existent rules?</p><p><br /></p><p>Buying silver bullion with small or even no premiums at all is possible, just find someone else who wants to sell. (An individual, not a dealer of course.) When <i>they</i> want to sell, then they are not in a position to charge a premium. As long as you can make a better offer than what a dealer offers, which is sometimes below spot, then you might just get a good deal. Trouble is, buying in this manner is not as convenient as buying from a dealer and if you don't know coins or bullion, you might be vulnerable for getting scammed.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1878744, member: 37498"]Much would depend on why one is buying silver. SLV does not fit my needs, no matter how small the premium is. Part of the appeal that precious metals have is portable wealth that is independent of the economy. If the economy tanks all of a sudden, and the markets are closed, how are you going to access the wealth you have stored in shares of SLV? If the stuff really hits the fan, do you suppose the people with access to the physical silver behind SLV are going to play by the non-existent rules? Buying silver bullion with small or even no premiums at all is possible, just find someone else who wants to sell. (An individual, not a dealer of course.) When [I]they[/I] want to sell, then they are not in a position to charge a premium. As long as you can make a better offer than what a dealer offers, which is sometimes below spot, then you might just get a good deal. Trouble is, buying in this manner is not as convenient as buying from a dealer and if you don't know coins or bullion, you might be vulnerable for getting scammed.[/QUOTE]
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