Buying Silver - Good or Bad Idea?

  • Thread starter Deleted member 58475
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Deleted member 58475

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Hi,

I am looking at buying Silver via Goldcore on an uallocated basis via Perth Mint Certificate. The entry costs are in the region of 3.9% with an exit cost of 1%. There are no maintenance or running costs.
Minimum purchase is $10,000 (€8,000) and that is what I would be purchasing. Am happy to leave for 5 years.

Does this sound like a good idea?
 
Well silver is very high at the moment. It's trading at approx 720 Euros per kilo today (Dec 2010).. it was as low as 430 / Kilo a few months ago (August 2010). So 50% gains in a few months are possible.


Costs and fees seem quite high. Have you considered other options, for example, coins?, or a place like BullionVault or others?. If your silver is 'unallocated' then you don't own it... you are owed it by a company... if the company goes bust you must wait in line for your money, which might not be available.
 
as far as i know , the perth mint is backed by the australian goverment , perth mint is a little more secure than share certificates or etf,s to put it mildly
 
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