If you are paying a large markup you are doing it wrong. Also since you aren't supposed to ever sell it I don't see the reason it would be relevant.Not sure I agree with that. Buying physical silver has a large mark up, larger than gold percentage wise. A fund doesn't have this issue. A fund in an IRA avoids all the tax hassle. With a fund, however, you don't physically hold it, so there is still that risk. Not sure if the buy-sell spread is worth that premium though to physically hold it (or buy silver at Costco to take away some of the pain). I'm reducing my physical silver and switching to physical gold when it is favorable to do so.The great advantage of silver is that you are able to hold it yourself. Buying a fund is the worst of both worlds, you get all the worst aspects of both silver and funds.
Silver can be a good way to preserve wealth through inflation and various black swan type downsides, but not in a fund.
What someone should buy depends on why they are buying it.
Statistics: Posted by rogue_economist — Fri Aug 16, 2024 4:32 pm — Replies 9 — Views 554