Investing in silver - How can I invest in it?

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  uccoffee on 21/02/2012 - 18:43

  -2

  call 1300 754 602

  • 

    SomeGuyOnOzB on 21/02/2012 - 21:42

    so you're saying http://www.goldbullionaustralia.com.au

    Thank you for the suggestion :)

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  tonyjzx on 21/02/2012 - 19:30

  perth mint

  buy 1kg of silver

  rinse repeat

  • 

    SomeGuyOnOzB on 21/02/2012 - 21:42

    Is this right, that it's possible to purchase a certificate of holding or something? :)

    • 

      stralya on 21/02/2012 - 21:51

      +1

      Yes, you can opt for them to hold it in either allocated or unallocated bars. Allocated is cheaper

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  stralya on 21/02/2012 - 19:36

  Buy GOLD or ETPMAG on the ASX. It's backed by physical metal and is reasonably liquid.

  • 

    SomeGuyOnOzB on 21/02/2012 - 21:47

    Thanks stralya, EPTMAG is something I was looking for :)

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    SomeGuyOnOzB on 22/02/2012 - 02:49

    I found a site saying something about ETPMAG (or their holding) attracts a 4.5% management fee and that it can also be converted into physical silver. Is that in general or only if bought through specific sellers?

    • 

      stralya on 22/02/2012 - 10:20

      +2

      The management fee is 0.49%, which means that the price of the warrant tends to reflect 99.51% of the spot price of silver.

      The 4.5% applies only if you want to convert your holdings into physical silver at some point in time. If you just trade it, there is no fee.

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  ferguscan on 22/02/2012 - 01:15

  Perth Mint

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  [Deactivated] on 22/02/2012 - 08:04

  +1

  You are best to talk with your accountant or the adviser who is assisting you with your SMSF. Investing in silver/Gold bullion does have some issues

  I cant recall what mine said exactly - I do know there was some discussion about safe deposit boxes/storage and valuation certificates etc, but was that the only issues?

  I dont recall any advice on the holding of ETPMAG type certificates, so these might be ok

  I do recall the end advice I was given was, that it would be better to invest in shares of bullion companies which tend to reflect the bullion price

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  BuyoTheCat on 22/02/2012 - 10:13

  in case of vampire or werewolf infestation?

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  cloudy on 22/02/2012 - 17:18

  +1

  i think the easiest way is to get futures, CFDs, buy EFTs on silver, u dont actually get the metal, but unless u need to use it, its basically the same thing.

  • 

    SomeGuyOnOzB on 23/02/2012 - 11:19

    Are there options on silver? I'm not as familiar on futures and I don't want to invest in CFDs.

  • 

    Cobalt_ on 23/02/2012 - 14:59

    +1

    Safest option is to hold physical metals where possible. The downside is storage costs/insurance as well as it being a bit more difficult to convert back into cash. Paper silver/gold (ETFs) can also be manipulated and oversold which makes them somewhat risker.

    http://www.silver-coin-investor.com/silver-exchange-traded-f…

    If you're buying into unallocated metal funds you would want to do it through a place with an exceptional reputation. I would certainly trust the Perth Mint for this.

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  engineeringprof on 23/02/2012 - 10:41

  I'd go gold. but Silver is equally good.
  Not sure if now is a good time to invest though - you'll be hedging a bet that the market is going down.

  • 

    SomeGuyOnOzB on 23/02/2012 - 10:58

    Thanks, just putting things in place for possible diversification at a later point in time.

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  retiredfeline on 23/02/2012 - 15:11

  Investing in silver didn't work for Kodak. They should have gone with bits. :)

  • 

    stevarja on 24/02/2012 - 09:59

    Marketing and market focus really did the damage for them. Poor Kodak.

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  freemoneyhunter on 26/03/2012 - 13:34

  Have a look at buying some local silver mining stocks. Two ones that come to mind are ayn and ccu. If silver goes up, you will make more money buying them than the metal itself.

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  Cobalt_ on 26/03/2012 - 17:41

  Your best source for anything silver is probably the Silver Stackers forums. http://forums.silverstackers.com/ They cover everything from bullion to numismatic to stocks. Just try not to get hooked, it's very easy to get addicted to buying physical bullion/coins