Kitco

yes I have, I had a few hundred ounces in my pool account that I bought at 7.00 a ounce and sold some at 16.00 and the rest at 20.00 a ounce. I didn't have any problems with cashing it in nor cashing their check when I sold. I just bought 200 more ounces today from them

yes, its kind of like its your silver but they are holding it for you, you don't take possession of it yourself. When you are ready to sell they just send you a check for what ever their buy price is of ever how much you want to sell at that particular moment, no shipping in the silver and them having to weigh it and then cut you a check, they just cut the check and send it to you

This deal also reminds me of the US move away from actual backing of currency. Too much of a "trust me" feel to it for my liking. What's to stop them from printing certificates for silver they do not possess? This house of cards reminds me too much of the creative accounting tricks I hear about, Freddie Mac was just busted for using future tax credits as current income to clean up the outlook for investors and inflating the bonuses of the CEO. Maybe Kitco is on the up and up, but if they do not have to actually show you your product, there is too much temptation to oversell.

Kitco's for real.

thanks for everyone's responses I think I'm going to purchase 10 oz and try it out

From reading this I may give this a try

what is their minimum for the pool account? I tried to start one for 50 oz and it said it was not enough.

As Biggfredd said Kitco is for real. Of course Jays-Dad said this




Now I'm not saying Kitco is not on the up and up but how long can they continue is the real question.

I read a VERY interesting article by Jason Hommel the other day. It honesly backed up a lot of what we talk about at work on a regular basis.

So let's say you bought a bunch of "paper" silver from Kitco then sold and had no problem with it. Is it maybe because other people are buying "paper" silver so the cash flow is good and the money is there?

I'm not sure how Kitco works honestly but assuming you could demand the physical product you've paid for while a few thousand people did the same thing would they be able to deliver?

This is why what physical dealers are charging is so much more than what it says on paper. They can and will deliver the goods.

Personally, I trust having the real product in hand a lot more than a piece of paper. I don't think I'm alone on this one.

I don't have tons to spend in the first place but when I do it generally goes into junk silver. It may not command the same premium as Englehard bars but it is cheaper to buy and easy to sell.

Try buying physical silver in large quantities right now and see what you find. Local shops most likely will not have enough and even the large dealers like Hannes Tulving are charging a hefty premium that they DID NOT charge just a few short months ago.

The mint is suddenly suspending mintages of certain coins due to lack of supply? They can't get it cheap in bulk methinks.

Odd times we live in folks and I'd much rather have the real thing. If it shoots through the roof again (and I believe it will) I'd be very wary of "paper".