| Author |
 Replies: 12 / Views: 2,547 |
|
|
Pillar of the Community
United States
558 Posts |
Does anyone have an account with SilverSaver.com? It looks pretty interesting. Any feedback or opinions?
|
|
|
|
Pillar of the Community
Canada
1502 Posts |
Also interested in the question. I've seen SilverSaver.com advertised with and by some of the financial newsletters I read and have always wondered. Never wet my feet though, thinking that physical silver is the better small-amount investment and stocks and ETFs the larger.
|
|
Pillar of the Community
United States
511 Posts |
If you don't hold it, you don't own it.
Possession is 9/10ths of the law.
|
|
Rest in Peace
United States
9104 Posts |
Repossession is the other tenth.
|
|
Rest in Peace
United States
9104 Posts |
Looked over the site. Seems like an unnecessarily complex system. I'm a little concerned about them giving away half their profit on a recommendation, too.
|
|
Valued Member
Canada
60 Posts |
https://goccf.com/t/97959#817691I have been looking at their site and it seems that when you buy it, silver is deposited in some vault in your name. You can take delivery of your silver anytime as long as you redeem 20 ounces or more. I just signed up with them last week. I figured I'd try it out. Hopefully it works out.
|
|
Pillar of the Community
United States
2269 Posts |
I am also one who subscribes to the philosophy of being able to actually hold the silver rather than having it in an online account. A few years ago a company called e-gold was attacked by a trojan virus and some customers had their gold accounts depleted. The company seems legit, but I would worry about the possibility of hackers.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
If you don't hold it, you don't own it. Indeed... and we can add "If it can be taxed, we don't own it" too. Just try not paying your taxes on anything that is taxed and watch what happens to it... and to you too!  Quote:
Possession is 9/10ths of the law. Heh, these days, possession might well be 10/10ths of the law. MF Global possessed numbered gold and silver bars that were allocated to specific clients. Then, one day, they all went POOF! and disappeared. No one knows how that happened, of course. <insert HUGE eye-roll here> |
|
Pillar of the Community
United States
2269 Posts |
Out of curiosity I checked silversaver's take delivery option. It seems like they add up many different costs such as manufacturers cost, shipping, handling, insurance, and a possible government premium. I was unable to see what the percentage was based on the amount being delivered. You have to be a member with silver in your account in order to find the exact amount of these costs. Their price per ounce above spot is .49. You can purchase silver bars online with low shipping for the same amount above spot. For me if I was going to purchase silver I would like to have it in hand. Unless you are spending a few hundred thousand dollars on silver, I don't think storage is such a huge issue.
|
|
Pillar of the Community
Australia
7096 Posts |
It would be so interesting if "paper silver" was made illegal and all these types of companies had to give all their buyers the physical silver they they have paid for. I have serious doubts that this could be done because IMHO they simply wouldn't have the silver on hand. I am not a huge silver hoarder but I do have a few oz and it is all physical silver , I wouldn't send my hard earned cash off to any of these snake oil salesmen to pay for a promise of silver when I can get the real deal and look after it myself  |
|
Pillar of the Community
Canada
849 Posts |
Personally I think I would like the silver in hand at time of purchase :).
|
|
Valued Member
Canada
178 Posts |
If you're not dealing in physical, an ETF would have less fees. At least that's my opinion without doing a full analysis of all fees.
And if you are not holding it, it's not physical.
Edited by Center Pin
05/14/2012 11:32 am
|
|
Valued Member
United States
264 Posts |
E-Gold is what I bring up to anyone seeking out a paper strategy for PM's.  http://en.wikipedia.org/wiki/E-gold br / Ask yourself, why would they want to hold your silver in a vault for slim margins? Edited by rgathright
05/14/2012 12:43 pm
|
| |
Replies: 12 / Views: 2,547 |
|
Posted 09/13/2011 7:51 pm
