re: Physical silver

NC I am no expert and one may chime in but here is my simple answer. Physical silver you own and posses, when buying a stock or offsite stored metals you are hoping a company either makes a profit or actually posseses and will make good on your request for your metals or even exist in the future. As most people buy metals as a hedge or worst case senerio having it in your possesion is preferable. This is not even getting into the nutjobs who think they will need it to use for currency in the immediate future for whatever reason eg financial colapse, meteor strike whatever. Also the irs does not track the purchase of metals or "notice" most transactions under their trigger numbers for reporting. This is to say you can buy and sell all day, make whatever profit you like, and as long as you keep the transactions under 9,999 you are on the honor system for reporting. Stock trades are all reported and a statement sent for tax purposes. There are still people out there who have a bad taste in their mouth about the gold confinscation of 1933 and think it could happen again soon to bail out the fed. again. Might not be only gold the next time. This was way longer than I intended but are the most popular differences and reasons for having your metal purchases be physical