Question about Buying silver in storage

[Mark10110]

Hey guys and Gals,

For anyone who knows my videos and me know that I like to hold my silver but with Brexit I have gotten into gold and Wondered.

Does anyone here buy a % of his/her Silverfrom UK and keep in in the dealers "Storage"?

If you sell back to them do you get a good deal as they have held it the whole time?

 

Before anyone says "if you don't hold it you don't own it", That is not what I asked.

 

I am thinking of having a certain amount in storage for easy liquidity to exchange for gold at a later date and want to know the benefits of storage rather than  the mantra everyone repeats when someone asks.

 

Thanks in advance to anyone who answers with knowledge on this subject.

[HawkHybrid]

would you effectively be holding silver certificates?

(for paper silver/gold there are many options, why

pay storage costs when all you want is something

that will follow the price of spot?)

 

HH

[Mark10110]

Just now, HawkHybrid said:

would you effectively be holding silver certificates?

(for paper silver/gold there are many options, why

pay storage costs when all you want is something

that will follow the price of spot?)

 

HH

what options are there? thanks

[HawkHybrid]

any paper holding that's highly correlated.

 

spreadbet the spot price, etf such as slv.

in theory a pm's backed crypto should work.

(each with their own risk and uses)

 

HH

[Mark10110]

Just now, HawkHybrid said:

any paper holding that's highly correlated.

 

spreadbet the spot price, etf such as slv.

in theory a pm's backed crypto should work.

(each with their own risk and uses)

 

HH

I am into Crypto, 40% crypto 40% silver 20% gold at this moment.

I am waiting for a gold/silver backed crypto that I have confidence in..... well as much confidence as I have in bitcoin/litecoin

[KitboyE17]

I buy vaulted metals in the USA from here in the UK. I pay a quarterly vault fee. I trade within the vault and the sell back price is only fractionally higher than what I would get here at say HGM or Atkinsons. The only additional cost is the wire transfer to my UK account, but I’m looking at how I can improve that if I transfer my vault to another facility. 

All being said - as I’ve had the vault for some time, it’s been much easier and faster taking advantage of the price increase this way than traipsing up to Covent Garden. 

[Mark10110]

Just now, KitboyE17 said:

I buy vaulted metals in the USA from here in the UK. I pay a quarterly vault fee. I trade within the vault and the sell back price is only fractionally higher than what I would get here at say HGM or Atkinsons. The only additional cost is the wire transfer to my UK account, but I’m looking at how I can improve that if I transfer my vault to another facility. 

All being said - as I’ve had the vault for some time, it’s been much easier and faster taking advantage of the price increase this way than traipsing up to Covent Garden. 

can you link the site for me to look in to?

[KitboyE17]

2 minutes ago, Mark10110 said:

can you link the site for me to look in to?

Sure - it’s a very well known one I’ve been with for years and a lot before discovering this forum

https://goldsilver.com/vault-storage/

[HighlandTiger]

Personally, I would recommend BullionVault. Superb company. 

But like all investments, do your own research first.