This is gonna come off as an ad, but oh well. If you aren't aware, the USD is headed for collapse. What comes next is anyone's guess. Likely the gloablists will try to introduce a new fiat currency. There's theories that Trump has been packing State treasuries with real gold and silver to create a new US currency that is backed by precious metals.
Either way, your dollars are about to be worth less than toilet paper (okay they technically already are, but still). If you haven't got any silver yet, I recommend getting some now. The more you can get the better, but $100 worth is at least better than 0. These are the guys I buy from:
Anyone you buy from will charge over spot. If you know someone or find someone better, then great. I'm sharing a link for anyone who doesn't have a vendor and would like one.
Even if by some miracle the Fed doesn't collapse, you can always trade it back on an upswing, but even if the USD recovers or we go to a new currency, keeping a small stash of precious metals is just plain smart in case of... well anything that can hinder your currency usage.
It's important to point out that purchases of SLV mean that you own a piece of paper (fake promise) to some portion of a pile of silver that may or may not have been rehypothecated. So, you own nothing.
PSLV is run by Sprott and purchases corresponding physical silver and puts it in a vault that is audited. You know there is physical silver matching your investment.
I personally own some generic 1-ounce rounds of physical silver because I agree that the premium price for Eagles doesn't mean anything if they're both being melted down.
I also personally own PSLV. I would NEVER put money into SLV as it's highly manipulated by the banks in their efforts to hold down the price of physical silver.
This is correct. Don't get SLV.