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Message:: [QUOTE="Rono, post: 639023, member: 6492"]Howdy folks, Nice thread. I presently own a some SLV in a deferred retirement account and have owned some GLD. I concur with cloudseeker that there is a serious question in the gold-bug community as to whether or not they really own the metal itself or does some of their holdings consist of 'paper' bullion.   There is also the specter of naked short selling (selling shares you don't own).  At one time last year, there was more paper silver being traded on the futures market than exists in physical form on the earth.    If the sh*t hits the fan are you going to be able to get your money out? Most purists believe VERY strongly in owning the real stuff - hard, hands on physical bullion.  As a collector, I like gold and silver type sets from around the world.  For survivalists, it's bagged 90% US circulated coinage. In summary:  I like GLD and SLV for trading and speculation purposes, but real bullion as an investment. You MUST own GLD and SLV in a tax exempt or deferred account because the capital gains are taxed at 28% as collectibles.  In a taxable account, you want to own CEF (Central Fund of Canada) which is a closed end fund owning both gold and silver bullion in about a 55/45 ratio.  It's taxed at 15% on cap gains. peace, rono[/QUOTE]