Why Physical Silver over Paper Silver?

Hey guys,

Can u give me a few reasons why I should buy physical over paper? The way I see it, I have to pay a premium to buy physical. Why shouldn't I just buy the SLV instead?


Thanks

 

Then buy SLV and stand for delivery. So what was the question?

 

^^^^
Exactly. If you think the silver you buy as a hedge against an increasingly probable global financial holocaust physically exists in the corrupt IUO markets of the paper ponzi schemes, then just try and get your hands on it.

If you are trading on the the fear of others who are actually buying the physical metals versus the derivative masters of the future exchanges and paper EFTs, then that's different.

The difference is between protecting your financial wealth and liberty versus gambling in a casino with house rules.

So what you do all depends on your intent.

 

Well said. As with any investment, you should have a clear, well defined objective. You should also diversify. Investing in paper silver is the same as investing in the stock market. If you buy 1,000 shares of GM, they don't send you half a car. You put your faith in the hope that you can sell the stock for a profit in the future. If it goes bellyup ala Enron, you're left with some pretty wallpaper. And remember pooled accounts don't always hold all the pysical silver represented on paper. So getting it when you want it might not be easy.

 

morning all,

Physical silver you stick under your bed.

slv, you stick your money under somebody else's bed.

imo, it's that simple.

have a great sunday

gazza

 

Physical is non cooperation with a completely corrupted financial system to which even the regulators are fully party. SLV has turned out to be just a cunning extension of the empty futures contract system. It was designed, not for the convenience of the consumers of metal, but as another device for diverting demand away from actual silver and keeping the price suppressed. You are just buying pledges for silver when you buy SLV

Signed: James Turk and GATA
(hereunder the seal and certificate of authenticity)

 

physical is silver in your hand

slv is a piece of payer that say "you own silver" in your hand.

the wind can blow away the piece of paper. you still need the paper weight!

 

Think MF Global.

 

Physical silver looks prettier than paper silver

 

Money deteriorates and breaks down faster than metals.

 

If you do not hold it in your possession, you don't own it.

When the grid goes down try to trade a portion of your paper for a can of 'Chunky Soup' and you will be laughed at or beaten, maybe both.

 

For every ounce of paper silver, there's only a fraction of that ounce in storage. It's a risky place to be in my opinion... If you like the liquidity of paper, buy mining shares.

 

Physical is possession.
Paper is a promise.
That is all.

Silver Haiku
by VRS

 

Speaking for myself, I can only give 1 reason:
Do not support the perpetrators of financial crimes.

 

If you can trade well, no reason why you can't buy paper and use profits to buy physical.. that's what i plan to do, IF i profit that is.

 

Like everyone else is saying much paper silver isn't even backed in vaults. If you want to avoid paying huge premiums I'd recommend the goldstackers unallocated program. Even though it's technically a paper form, I gather they actually back it with metal unlike others.

 

It's only really yours if you can actually hold it.

 

Both have there advantages, Physical silver you hold in your hand so you 100% own it and SLV you don't own but i would argue SLV is liquid and can be sold very easy within seconds.

Personally i hold some physical precious metals but have exposure to paper markets as well for there liquidity.

 

Because physical silver is MONEY.

i.e:
a medium of exchange; transportability, recognisability, resistance to counterfeiting.
a unit of account; It's divisible, fungible, real, measurable.
a store of value; its use in technology worldwide makes it directly (rather than indirectly) proportional to the value of those items and the things they produce, it's rare, and again real.

[Rant]

If you want to 'speculate' on the value of silver on the market, then best price in the risk of being manipulated out of your money. And know you'll deserve to be hit with 'capital gains' tax, if you manage to beat the market forces at their own rigged game.

If you want an alternative to storing the 'value' you have 'earned' in society from working ( supposing you do ), in a tangible possession that you own, who's value cannot be reduced to 0 in an instant, or over X many years, then we have gold and silver for sale here at bargain basement prices. ( except in the case of a tyrannical desperate controlling government decree, in which case your stack is the last thing you should be fighting for.

And then you can complain along with the rest of us that the supposed 'capital gains' you've 'made' (ha!) people see is the spoon bending in the light of inflation. but still don't expect to win that fight without an argument...

Wow, [/Rant Over]

Seriously though, DYODD ( Do your own due diligence )
Both options have their advantages, but I would recommend getting something real and holding onto it first, You will be surprised what holding onto your first 'piece' of real money feels like.
Have a good read of posts dating around key market events to see peoples sentiments, come up with a medium/long term plan, and keep your eyes, ears and mind open.
Eventually you will come up with a strategy that suits you.

That is the best advice I can offer.

 

David Morgan is convinced that owing physical metal is so alien a concept to the average joe, that even when the price skyrockets and iShares/SLV is shown to be a farce, the investing public will rush to the other type of paper silver...

Silver mining company stocks