Message:

<p>[QUOTE=&quot;medoraman, post: 1796821, member: 26302&quot;]Yes, its a quaint little catchy catchphrase I am sure was thought up by physical PM sellers. I would never own a long term position in PM on paper, as I believe the carry costs too high versus me buying it physically and holding it.</p><p>&nbsp;</p><p>However, if I were strictly a pm buyer, (don&#039;t care about coins), and wished to efficiently profit from what I viewed as a short term correction, I believe the math would tell me I would need to do that with paper. Why on earth would I pay $7-8 premiums for ASE&#039;s, (what they were running at the time), when I could buy SLV at $9, pay no premiums, and wait for the correction and for when premiums are back in line to swap out the SLV for physical?</p><p>&nbsp;</p><p>That is my thinking at least. If there is ever a sharp downturn and premiums ballon again, (in many ways this is simply sellers wishing to have higher profits, which by definition lowers yours), I will be looking at derivatives instead. When markets either stay there or go back up, trust me premiums will go back down, and I will then swap out the paper for physical.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in