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<p>[QUOTE=&quot;10gary22, post: 1325217, member: 23626&quot;]I would NEVER buy gold or silver I didn&#039;t actually possess. Unless it&#039;s in your hand, you don&#039;t really own it. People purchase PM as a form of insurance against paper holdings (currency, stocks, bonds, etc.) Why have something you are trying to insure against default ?</p><p>Also I keep in mind the collapse of the PM market during the 80&#039;s, when dealers were selling gold and offering to store the coins for a nominal fee. They sold the same coins to several buyers of course, creating a ponzi scam. If you are gonna own silver or gold, buy the coins and sit on them. Silver instead of fractional gold, and 1oz gold coins are what I prefer. Known quantities of metal, so the value would be well established. Portable and easily exchanged. IMHO</p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>

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