What happens during the apocalypse? How are you gonna go get your silver? Buy it and keep it yourself, that’s the only way you should be investing in silver.
Yeah, not saying certificates and whatever are scams, but when you need it the most, will they be there for you? Who knows. Buy what you can afford to buy and hide it!!
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
Are there any other physical precious metal trusts that are not easily manipulated?
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.
You think PSLV is a save place to diversify? Are there any other physical precious metal trusts that are not easily manipulated?
What happens during the apocalypse? How are you gonna go get your silver? Buy it and keep it yourself, that’s the only way you should be investing in silver.
Thanks Fren. I was afraid you'd say something like that.
Yeah, not saying certificates and whatever are scams, but when you need it the most, will they be there for you? Who knows. Buy what you can afford to buy and hide it!!
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.