SLV might be ok for a downside trade or to ride back up if it crashes down to the low teens but don't buy into the physical pumpers. They seem to all be crapping bricks rushing for the exits and begging to pay the 10% haircut to sell.
How much does a person pay in taxes for his or her short term trades or for his/her capital gains? I am pretty sure one's taxes and commissions are much higher than 4.2%, assuming that person is making profits.
Also, banks and lawyers and creditors cannot seize what they do not know you have.
I have never given a SS number on any of my physical silver purchases. Ive never sold any either though and probably never will so dont have any tax issues. If I ever sell it will be a few pieces at a time to pay realestate taxes or for food etc. My silver is for a possible God Awfull.
Nothing wrong with silver in paper or any type silver stock if you want your investment in a computer or in an unknowen vault in England that may or may not exist. My physical is in my possession and intended as a last resort against God knows what. Think that is what most silverbugs are doing.
Sometimes it pays to "pay up" a bit for quality. Ever owned one of those plastic box fans from Wal-Mart? They break after about a month. We bought a nice metal fan from Home Depot for 3 times as much but it will be here five years from now. Paying up to have it in your hands is not always the worst idea. Especially if you are going to own it for 10+ years. Kinda like telling someone that wants to buy an American funds mutual fund that "Class A shares are for dummies" and then buying "C" shares and holding them for 20 years...