$21 for a share of SLV when they could go to Ebay and buy 2 Benjamin Franklin silver half dollars for about the same price? When and if the SHTF this SLV insanity aint gonna do much for ya. Neither will a bitcoin.
Sentiment: Strong Buy
SLV and PSLV (near NAV) is a very efficient way to TRADE spot silver with a 99% plus tracking to spot prices. Taking physical delivery does have a storage and transport cost/risk factor as well as any premium you pay to buy and discount you take to sell. Right now PSLV carries a 4% plus premium to NAV and its been much higher at times and also close to zero at times. Bears carry low premiums in general and bulls tend to have high premiums. These bullion banks work for commodity traders because they don't involve futures that roll over with contango. Half of 1% annual fee is downright close to zero for traders, even with a year or two of duration. Less risk than miners too.
annett had his butt orifice annett'd so he can claim he is a virgin all over again... ha ha
Buyers of physical don't suffer capital gains consequences as do holders of SLV. SLV holders pay fees and all expenses that the Trust incurs on a regular basis.
hey stooge......you buy the silver....you pay 12% front end and 12% back end.......you stooges have to make 24 % just to brake even.....then you can start working on a profit......loser!
Thank you for pointing out those idiots who has paid 21 for an oz. of silver instead of paying 21 for 2 Ben Franklin silver half dollars in which contains roughly 2/3 an ounce of silver.
I am one of those idiots who has been purchasing/paying 22 and 21 peso for those AESs and CMLs, respectively. But, I do know one thing it takes 3 Ben-Franklin coins to get 1 ounce of silver. I am that idiot.