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iShares Silver Trust Message Board

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  • dalerobin777 dalerobin777 Aug 7, 2011 9:52 AM Flag

    Phyiscal=LOL. 10% premium to buy, 10% to sell.

    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.

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    • On APMEX, the premium is only 1.09 for 500 ozs or more. Hardly 10%. Of course for IRA holder's, physical is a bit more difficult since they can't hold it...

      In other countries, there is a VAT of around 16-20% premium added to that. Talk about robbery.

      My pop paid a 40 cent premium to buy 100 ounce bars over 20 years ago. That is like 2 cents per year for the premium. Not bad in my opinion.

      I own both forms (SLV and physical) but know if owning for the long term, physical is the way to go since SLV charges expenses and no counter party issues. Just my opinion.

 
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