NEVER BUY THE EFT. NEVER. THEY ARE SCAMS. They are supposed to keep physical in their warehouses equivalent to their stated holdings. Not so … in their prospectuses, they caveat that they may not be able to acquire what they need. Yeah, so “paper silver” is 15x oversold actual physical inventories. That means if all contracts decided to settle for DELIVERY … 7.5% would actually get their silver. The rest would have to settle for cash.
I buy 1oz bullion rounds and 10oz bars. Easier to resell. JM Bullion cuz they give a veterans discount
NEVER BUY THE EFT. NEVER. THEY ARE SCAMS. They are supposed to keep physical in their warehouses equivalent to their stated holdings. Not so … in their prospectuses, they caveat that they may not be able to acquire what they need. Yeah, so “paper silver” is 15x oversold actual physical inventories. That means if all contracts decided to settle for DELIVERY … 7.5% would actually get their silver. The rest would have to settle for cash.
I buy 1oz bullion rounds and 10oz bars. Easier to resell. JM Bullion cuz they give a veterans discount