SD Bullion and APMEX are the safest and most reputable. SD is usually the lower cost (but now always), and APMEX is the largest and longest-standing online bullion dealer in the US. If you don't like online, check out Miles Franklin in Minnesota. They don't have an online presence due to security and privacy. You can find a million videos on YT with the owner, Andy Schectman. Andy works with the biggest silver bug YT guys (Chris Marus {Arcadia Economics}), Duncan Kaiser {Liberty & Finance}, Bix Weir {Road to Roota), etc.
Andy would likely give you the best price if he has inventory.
SLV is an ETF (Exchange Traded Fund)... ETFs are "Derivatives"....meaning, an ETF derives its value from something else. In this case, physical silver. Your ETF SLV share(s) are just a 'representation' of real silver. Literally, a digital "Re-Presentment" of the real deal. Food for thought.
For over a decade, the rumors about how many actual ounces of silver SLV actually holds in relation to how many ETF shares are afloat has varied anywhere between 1:100 to 1:1000. This is the same with the gold ETF GLD. Nobody knows, but everybody agrees it ain't anywhere near 1:1. Simply put, when the day comes to cash out, the little guy finishes last (can't redeem, worthless shares).
However, between now and then (collapse), SLV could easily go to the moon if this same group takes it for a ride like GME.
Huge rewards include huge risks. Timing is everything.
Well, if you believe the mainstream narrative, they're one and the same. NY Melon Bank claims they own 1 ounce of silver for every share outstanding. Your choice as to whether you believe them or not.
There are no guarantees with SLV shares, but you can trade them back and forth on trading platforms. This is what the WSB group would be doing by and large. Fast and furious digital action.
Buying the real stuff guarantees you actually own and hold the real thing. But it can take 10-20 days to actually get your hands on it (unless you buy from a local coin/pawn shop). Hence, you wouldn't be "trading" the real deal. You own and hold it.
So take your pick. Do you wanna make a quick buck or hold on for the long haul?
It's worth pointing out that when the bullion dealers get online orders (buy or sell), they immediately do the reverse with buying paper COMEX shares (derivatives) to hedge their positions. In effect, raising and lowering the spot price of silver.
So if you and a million other people are buying either physical silver, SLV shares, or COMEX positions, all contribute to the "spot price" from moment to moment. It's all tied together.
No. Theoretically both SLV and SIVR are required to hold physical silver assets. Not sure of the details, need to look at the prospectus. I've bought SLV on and off.
You're trading delivery/possession time for price. Online bullion dealers typically have a lower premium over spot. Not always, but typically. Stores are different, times are different. There are exceptions to the rule, but that's been my experience.
and you’re eliminating something called third party risk
they don’t typically have the silver until after you pay for it
they often base production on incoming orders
this is not usually a problem unless there is something like i don’t know maybe a short squeeze
they will gladly refund you the purchase price after sitting on your order for three months as the price increases and they take delivery of something that they have in their possession that has doubled in value since the moment you paid them
SD Bullion and APMEX are the safest and most reputable. SD is usually the lower cost (but now always), and APMEX is the largest and longest-standing online bullion dealer in the US. If you don't like online, check out Miles Franklin in Minnesota. They don't have an online presence due to security and privacy. You can find a million videos on YT with the owner, Andy Schectman. Andy works with the biggest silver bug YT guys (Chris Marus {Arcadia Economics}), Duncan Kaiser {Liberty & Finance}, Bix Weir {Road to Roota), etc.
Andy would likely give you the best price if he has inventory.
Good luck!
I usually buy physical from JM Bullion
What about slv stock?
SLV is an ETF (Exchange Traded Fund)... ETFs are "Derivatives"....meaning, an ETF derives its value from something else. In this case, physical silver. Your ETF SLV share(s) are just a 'representation' of real silver. Literally, a digital "Re-Presentment" of the real deal. Food for thought.
For over a decade, the rumors about how many actual ounces of silver SLV actually holds in relation to how many ETF shares are afloat has varied anywhere between 1:100 to 1:1000. This is the same with the gold ETF GLD. Nobody knows, but everybody agrees it ain't anywhere near 1:1. Simply put, when the day comes to cash out, the little guy finishes last (can't redeem, worthless shares).
However, between now and then (collapse), SLV could easily go to the moon if this same group takes it for a ride like GME.
Huge rewards include huge risks. Timing is everything.
Caveat Emptor
So when the OP said silver, what was meant? SLV or Physical?
Well, if you believe the mainstream narrative, they're one and the same. NY Melon Bank claims they own 1 ounce of silver for every share outstanding. Your choice as to whether you believe them or not.
There are no guarantees with SLV shares, but you can trade them back and forth on trading platforms. This is what the WSB group would be doing by and large. Fast and furious digital action.
Buying the real stuff guarantees you actually own and hold the real thing. But it can take 10-20 days to actually get your hands on it (unless you buy from a local coin/pawn shop). Hence, you wouldn't be "trading" the real deal. You own and hold it.
So take your pick. Do you wanna make a quick buck or hold on for the long haul?
It's worth pointing out that when the bullion dealers get online orders (buy or sell), they immediately do the reverse with buying paper COMEX shares (derivatives) to hedge their positions. In effect, raising and lowering the spot price of silver.
So if you and a million other people are buying either physical silver, SLV shares, or COMEX positions, all contribute to the "spot price" from moment to moment. It's all tied together.
physical
Awesome. Thanks for the reply, I appreciate your knowledge.
No. Theoretically both SLV and SIVR are required to hold physical silver assets. Not sure of the details, need to look at the prospectus. I've bought SLV on and off.
https://etfdb.com/themes/physically-backed-silver-etfs/
no way
LOCAL COIN STORE ONLY
TAKE DELIVERY AT TIME OF PURCHASE
You're trading delivery/possession time for price. Online bullion dealers typically have a lower premium over spot. Not always, but typically. Stores are different, times are different. There are exceptions to the rule, but that's been my experience.
yep
and you’re eliminating something called third party risk
they don’t typically have the silver until after you pay for it
they often base production on incoming orders
this is not usually a problem unless there is something like i don’t know maybe a short squeeze
they will gladly refund you the purchase price after sitting on your order for three months as the price increases and they take delivery of something that they have in their possession that has doubled in value since the moment you paid them