Best method to invest $20,000 in Silver

[jedkins]

I have US$20,000.00 to invest in silver. I do not want to buy physical stock of bars or ingots etc. What is best and safest way into the non physical market for the small investor?

[JesterJay]

NOT to tarnish your question but rather to add tone to the conversation, I must warn that physical silver is the only way to be sure you have what you paid for.
Theoretical silver can be bought in the ETFs. That is probably the safest right now. I know none/few of the banks/big silver co.s actually have enough silver to back what they are commited to selling.
You are talking about less than 1000 ounces. That amount will easily fit in a briefcase. Why not buy that small amount and stash it? No one else would know.
Good Luck,
JesterJay


I have US$20,000.00 to invest in silver. I do not want to buy physical stock of bars or ingots etc. What is best and safest way into the non physical market for the small investor?

[waynetheking]

Forget paper silver. Real silver is the only way to go. besides, it feels great in tha palm of your hand!!

[Irons]

Trust no paper silver, you can stack many many silver bars into a standard size safe deposit box.

[goldminer]

A paper promise by any name is just a paper promise. Know what happens to a promise when a business, social, political, military natural disaster type shtf?

Is the silver the paper promise you hold really there?
If indeed it is there ( but how would a person ever really know?) today,
Is is really still there next week, two months, six months, etc. down the road...and how would a person really know one way or the other?

If you trade your FRN's for a silver paper promise can you ever actually take posession of the silver it if you want it? IN many instances (like an ETF) the answer is an absolute "no".

The words of a long-time GIM poster who left the forum last year are still frequently quoted and echo loudly in the ears of many metals holders:

"If you don't hold it you don't own it."

[JesterJay]

"IF you don't GOT it, you don't GET it!"
And you can quote me on that,
JesterJay


A paper promise by any name is just a paper promise.

The words of a long-time GIM poster who left the forum last year are still frequently quoted and echo loudly in the ears of many metals holders:

"If you don't hold it you don't own it."

[paker]

Anytime you go through the "paper trail" you'll pay some kind of brokerage fee.
From someone that has invested my money through an investment company, until now, you'll have more of your own money if you can do your investing yourself.

[ADUB]

Eventhough I agree with all of my silverbugs on this string you can still go paper. If you must, and I do mean must, go through GoldMoney.com. You can buy Silver grams. However, you will never be able to take physical possession of your investment. On the record, I would rather have it in my hand.

[JesterJay]

The Point:

If you ain't GOT it. You don't GET it!

What part is not being understood.

I fear for everyone in Paper Silver. And many who think they have real silver sitting somewhere in the back room of some bank or silver holding company would be shocked to find out they have a printed promise and not real silver.

My analogy is that there is one coin made of silver in the virtual world and 5,000,000 people in the "paper silver" realm thinking it belongs to them.

My Dad found out recently that Monex CAN and does just promise to deliver silver if it has to and does not necessary or by practice hold much or any real silver.

That's why Dad is currently turning his "certificates" into real silver he can hold in his own hands.

How much better do you think this makes him feel?
JesterJay



...you can still go paper...you will never be able to take physical possession of your investment...I would rather have it in my hand.

[Kelly]

Jedkins, use your head. DON'T buy paper! If just one/tenth of the people holding paper called it in and demanded physical silver instead there isn't enough physical silver stored ANYWHERE in the world to take care of that demand! The dollar is tanking and if it gets as bad as some think it will, you will need physical silver in your possession if you want to survive.

I'm not just talking about your financial survival either. I'm talking about feeding your family during times when the farmers and the grocery stores will demand silver or gold in lew of wheelbarrows full of paper. Don't kid yourself, it's happened before.

Get the real thing or face loosing your investment. It's that simple.

[Barbaric Relic]

I have US$20,000.00 to invest in silver. I do not want to buy physical stock of bars or ingots etc. What is best and safest way into the non physical market for the small investor?

you didnt mention why you dont want to buy physical.

Apart from that Goldmoney has silver for sale which is yours to own ect online, still cant hold and look at it however, and if you aint got any physical to begin with then you will not have the ultimate insurance.

[chux03]

Buy stock in the Central Fund of Canada. Stock symbol CEF.
http://www.centralfund.com/
The perfect proxy for silver.
I'd at least split that $20k in half and hold half physical (4 - 100 ounce bars, 1 - 50 ounce bar and some 1 ounce loose rounds. No real hassle buying physical AG like that!!) and half in CEF or SLW shares.
http://www.silverwheaton.com
I'd sleep real peaceful at night too knowing I had my 20 grand put away like that...

[offgrid]

$20,000 is roughly 1000 ozs Ag, this really doesn't take too much space and you know where it is and who has it.n IMO it is worth the minor inconvenience of storing it, or chux03 is a great idea.