Can we have a silver.win community? Seems to be a popular subject. Updoot if you think that is a good idea.
(media.greatawakening.win)
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PSLV works well as a substitute. Sprott actually buys and takes physical ownership of the silver. The more people that buy PSLV, the more physical silver Sprott will buy.
I have money in both physical silver and PSLV.
If you don’t have physical silver, you don’t have it. I would cash that paper in right now if I were you
Yes, physical is better, but if you are going to buy stock, PSLV is absolutely the way to go. It’s a trust, not an ETF like SLV.
SLV supposedly allocates a percentage of the silver stored in the LBMA to the ETF. Obviously that is ripe for manipulation and no one would ever know unless the LBMA is audited.
PSLV allows you to redeem your shares for physical silver. Eric Sprott started his business to allow easier access and liquidity to PM investors, and because he knows the manipulation and fraud of the banks. It’s not run by some large corporation with shady business deals. They take physical delivery of futures contracts when they add silver and gold to their trusts. Sprott currently holds 127,276,592 ounces of physical silver as of March 9th. Sprott is one of the largest contributors to the silver squeeze.
Yes, if you don’t have physical silver, you don’t have it. But if you have a stock trading account and need the liquidity, or if you have a Roth IRA and don’t want to withdraw, then PSLV is a much better investment than all of the other silver ETFs.
The way I look at it, is instead of buying stock of Apple, Tesla, Amazon, etc I’m buying PSLV.
I would never in my life buy paper over silver. If you don’t have it you don’t actually have it. Don’t even try to convince yourself that it’s better. Trade your paper in yesterday or you don’t actually own it.
This advice is not mine. I got this advice from people who sell physical silver. If you don’t buy the real stuff you do not own it. Any other advice anyone gives you about paper silver is wrong. If it’s not physical it’s not yours.
Theoretically maybe. I don't trust it. I believe there will come a time when the whole system is going to crash. Those with silver in their hands will come out on top. That means the people who actually hold the silver PSLV is attached to will be incentivised to just keep it.
I don't know this for sure, but I do know the silver I have stored here with me has real intrinsic value, and I think it will retain that value (and much more) in what is to come.
Also its pretty! I feel like Scrooge McDuck sometimes. :)
I agree, owning physical silver is the best option. And you’re right, no one knows what people will do in a time of crisis, even if their initial intentions were honest.
But if you are going to buy paper, then PSLV is the best option. I don’t view it as an alternative to buying physical, but an alternative to buying other stocks like Apple, Tesla, etc in your trading account or IRA.