posted on May, 12 2006 @ 05:28 PM
Again, I am not a metals broker or any sort of "expert" on investing in metals however, my own common sense tells me that the real advantage of
having any investments in precious metals is in the actual physical possession of the metal. Investing in silver is no different. Purchasing
a quantity of silver (in this case a thousand dollars worth) is also easily facilitated by buying silver coinage.
American Liberty Silver Dollars are readily available as are ingots (though I prefer actual coinage). All you need to do is to store the coins safely
in your safe deposit box or a home safe or hidden cache. It would be heavy, physically, but it wouldn't take up that much room.
The drawback that I see in ordering or purchasing "certificates", as such, for a certain amount of silver, or any metal, is that you never actually
HAVE the silver. Your investment, in spite of any assurances to the contrary, is that your investment is really only as good as the brokerage you are
dealing with. If troubled times are ahead, you might be out of your investment should the brokerage fold. A piece of paper is never a substitute for
cold HARD cash.