I own some physical silver, and a lot of ETF (like stock) in silver as well.. I am quite comfortable with it for now
Wow! Finally! We found a silver ETF shareholder! I searched like a year for one! So! ETF Inventory Build (positive = DEMAND, negative = SUPPLY) 2004 0.0 2005 0.0 2006 157.8 2007 54.8 2008 101.3 2009 153.8 2010 132.6 2011 -24.0 2012 55.1 2013 1.6 Total2004-2013 633 You guys bought most in 2006,2008,2009,2010 You guys saw $10 $20 $30 $40 $50 pass. You guys didn't sell except for that 24 Moz in 2011. I always wondered why. You guys just held on, wisely skipping 2011, although in 2013, same price as 2010, you guys didnt add more. Why? What are your plans for the future? To take into account here is that physically backed ETF's are not 'paper', it IS silver that is stored. There are also some ETF's that use futures contracts, those really are paper, but also maybe aside, because the purpose there is not to buy silver but to hedge against price changes in the cash market.
Pirocco, aren't ETF's quite risky? Besides the risks noted in these 2 articles, are there other risks as well?: http://www.marketoracle.co.uk/Article9030.html http://www.silver-coin-investor.com/etf.html .
Risk has to be judged relatively. What is quite risky? What is quite safe? ETF's hold quite some silver (about 18000 tonnes). That mattered to the price in the past. That will matter to the price in the future. And so I'm interested in stories of the ETF shareholders. They have as much to say about the silver price as those that buy delivered.
I am very new to it... I just bought silver ETF's about 2 months ago. I can not answer for the ETF holders in 2009-2013. Are you also in ETF's?
jeremiahj, if you don't physically hold it, you don't own it. If sh*t happens one day you will find out you own nothing. $0
2 months ago, so you bought around that $21 peak price. What made you decide to buy after the price was driven from $19 to over $21? I have read several times the statement that people buy ETF shares for a "quick buck". That's why it wonders me to see the stock of the ETF fluctuating little, only within a range of 10-20 Moz, which is quite small, the futures hedge for ex typically fluctuates 200 Moz over 3 months. From this perspective that quick buck was a quick loss. About not physically holding = not owning, that applies to fiatmoney, bank deposits, stocks, bonds, whatever (remote) property under 3rd parties control. It's just a drawback that comes with a benefit. Like alot in life.
