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re: Any of you buy silver?
Posted on 2/10/20 at 10:24 pm to BlackAdam
Posted on 2/10/20 at 10:24 pm to BlackAdam
Buying physical metals is useless and inefficient. If you want to hold these, then get an ETF so that you have the exposure and it’s liquid.
If you want to collect coins then do it. But, it’s highly unlikely you are doing it as an investment rather as a hobby.
If you want to collect coins then do it. But, it’s highly unlikely you are doing it as an investment rather as a hobby.
1
Posted on 2/11/20 at 9:02 am to lynxcat
quote:
Buying physical metals is useless and inefficient. If you want to hold these, then get an ETF so that you have the exposure and it’s liquid.
I would argue the exact opposite. ETFs are better for shorter term investors. Holding physical silver is the better option for long term investors. And to that... physical silver is pretty friggin liquid. I can generally list on ebay and sell the same day. My net works out to right about spot price, and the money is in my paypal account. I can go to any number of places around town and get a hair below spot and have cash in hand same day. Selling an ETF will take at least one business day before the cash is in my account.
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