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CNN Money on How to Buy Silver: ‘Anything But Physical!!’
Anonymous Kritter Show this Post
10-09-2012, 06:52 AM #1
Anonymous Kritter Incognito Anonymous
 
CNN Money’s HelpDesk blog today published a Q&A responding to an inquiry regarding the question How do I purchase silver in physical form?

CNN Money’s response? ETF’s such as SLV or SIVR (notice Sprott’s PSLV is not included), silver certificates- essentially own paper silver in any way or form as long as investors avoid actual physical silver bullion like the plague.

From CNN Money:

First CNN recommends silver ETF’s:

"The easiest way to buy silver is to invest in certain exchange-traded funds such as iShares Silver Trust (SLV) and ETFS Silver Trust (SIVR). These funds track the price of silver on the open market, with each share typically backed by a specific amount of physical silver held in trust by the fund manager. Because they can be instantaneously bought and sold on the market, ETFs lend themselves to trading."


http://www.silverdoctors.com/cnn-money-o...-physical/

Whoever takes this as solid investment advice needs to get out of investing.

I encourage you all to read the rest of this at the above link.
Anonymous Kritter Show this Post
10-09-2012, 09:27 AM #2
Anonymous Kritter Incognito Anonymous
 
lol.gif too stupid to realize the general public has got their number.
10-09-2012, 01:11 PM #3
Kreeper Griobhtha
Posts:10,784 Threads:647 Joined:Feb 2011
Buying silver certificates is akin to trusting fiat money.

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
10-09-2012, 02:08 PM #4
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
http://www.coinflation.com/silver_coin_values.html

I bought a watch at an auction Saturday night, a genuine Morgan silver dollar with the watch mounted on the back.
$22.00 Dollars.
The melt value, as shown in the link above, is more than that.
I still keep a 1 OZ bar in my wallet, for emergency.
My investment advisor is an avid reader of ZeroHedge, a worthy investment site that I recommend to all.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
10-09-2012, 02:22 PM #5
Octo Mother Superior
Posts:43,017 Threads:1,474 Joined:Feb 2011
You better stick to that advisor Bohica. thumbsup.gif


Buy paper silver? Wtf! damned.gif

Quote:there are drawbacks of owning physical silver. Many investors don’t want to deal with the added costs and inconvenience of arranging secure storage for the bars or coins and insuring them. To help investors avoid those logistics, some financial institutions offer silver certificates of ownership which entitle the holder to a certain quantity of actual silver stored in a vault.

blonde.gif
10-09-2012, 02:30 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
facepalm_panda.gif Great advice. I'll convert all silver I own right after I finish my GMO soy milk, and go get my flu shot. coffeetime.gif
I'm going to be prepared for WTSHTF. chuckle.gif

wonder.gif
10-09-2012, 02:51 PM #7
Kreeper Griobhtha
Posts:10,784 Threads:647 Joined:Feb 2011
(10-09-2012, 02:22 PM)Octo Wrote:  You better stick to that advisor Bohica. thumbsup.gif


Buy paper silver? Wtf! damned.gif

Quote:there are drawbacks of owning physical silver. Many investors don’t want to deal with the added costs and inconvenience of arranging secure storage for the bars or coins and insuring them. To help investors avoid those logistics, some financial institutions offer silver certificates of ownership which entitle the holder to a certain quantity of actual silver stored in a vault.

blonde.gif


That's exactly how banks got their start.

13.gif

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
10-09-2012, 02:59 PM #8
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
My silver is well scattered, and insured by Smith and Wesson, Ruger, Remington, Winchester, Mauser, etc.
All members of my household are proficient in the use of forward firing machines.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
10-09-2012, 04:31 PM #9
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Invest in biere and Dinty Moore beef stew. Store it in my basement. I'll keep it safe. coffeetime.gif

Biere.
10-09-2012, 04:34 PM #10
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
This is bizarre too

Quote:Checkan notes that there are drawbacks of owning physical silver. Many investors don’t want to deal with the added costs and inconvenience of arranging secure storage for the bars or coins and insuring them. To help investors avoid those logistics, some financial institutions offer silver certificates of ownership which entitle the holder to a certain quantity of actual silver stored in a vault. One program worth considering: the Perth Mint Certificate Program (PCMP), the world’s only government-guaranteed bullion storage program.

wtf2.gif rofl.gif They're getting desperate. Remember Executive Order 6102? rofl.gif

For every one ounce of physical silver there are 99 of paper silver. Ss if the banks ever had to actually deliver the silver they sold, they would collapse and the price of silver rocket to $3,500 overnight.
10-09-2012, 04:43 PM #11
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Remember, gold is not money. lmao.giflmao.gif

Biere.
10-09-2012, 04:44 PM #12
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Just a barbarous relic coffeetime.gif

rofl.gif
10-09-2012, 05:25 PM #13
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
FIAT rules! yay.gif

lmao.gif lmao.gif lmao.gif lmao.gif

wonder.gif



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