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Astex Pharmaceuticals, AŞ Message Board

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  • silverold silverold Dec 2, 2012 4:12 PM Flag

    Missing persons

    "BTW Silver you never responded to looking at the new wording on the perspectus of SLV."


    I really don't trust any of the ETF's. (SLV Fund Summary: " Although the fund is not the exact equivalent of an investment in silver") I just trade them on a short term basis. The only thing I really trust is the actual gold or silver in my "hands." I really don't even trust the safe-deposit boxes in the banks. Years ago, when I was a kid, I used to watch a stock market show where one of the guests was the owner of a place called "Jonathan's Coins." He sold gold and silver and he also stored gold and silver for his clients. His motto was, "It's not how much you make, it's how much you keep. That's what matters." One day, it was reported on the news, he was "just gone." He followed his own advice. He "kept it all." I don't know if he was ever caught, but I always remembered that story. I said to myself, if I ever had any gold or silver, I sure wouldn't trust anybody to store it for me.

    Silver storage is a problem. With gold, you can store $200,000 in a relatively small area. If you want to store $200,000 in silver, it takes 50 times the space. Binion (Las Vegas Horseshoe) buried his silver in the middle of the desert. (Of course he had millions in silver.)

    Hate, how do you handle the "storage problem? A safe?