Hi all, Just seeking some opinions on the ETF 'ETPMAG' listed on the ASX. Have been watching it closely lately and it seems to be pretty close to spot most of the time. Was thinking about going 50-50 with physical and this stock mainly because the only premium you pay is the brokerage and some small fees and it is super liquid.... i cant see many downsides... Any thoughts?
Cue the doomsayers about how it's holdings probably don't exist and it's paper etc. For short term I hold this as well, but only for trading in and out, hold your main holdings you don't plan to sell in physical. Keep in mind, yes it does track the price, but if anything goes wrong with the ETF, such as an audit and there is something wrong or if etf securities becomes insolvent, everyone heading for the exit will destroy the price regardless of where silver is at. Remember it is still a fund - there is counterparty risk in the people who run it. However having said that, I have investments in funds and I don't have a problem with them (tons of tin foilers here would tell you otherwise) - you take on the same type of risk as you do if you invest in a stock (management risk, etc) so if you can handle that, then go right ahead.
You could look into one of the perth mint programs. They have unallocated storage and certificates. IIRC min buy-in for Aussies is $5k.
Absolutely not. It is a legally binding share in the productivity of the company you are buying in to. It's what drives the world.
Silver is also valued in dollars on the exchange, or even on silverstackers. That doesn't mean it is worthless
