Great article! Thank you for taking the time to write it. Quick question... Do you use physical gold/silver for this strategy? If so, how do you do your swapping? Do you take it to a local dealer and do the swap at once or do you utilize an offshore or onshore vault for the transaction and storage? I really appreciate it!
You are viewing a single comment's thread from:
Great question.
IMO, it's always a great idea to develop a relationship with a local dealer. Even if you just go in and talk, buy a small coin once in a while, bring him coffee or whatever. Stop in to see him at least once a month. I used to go hang out with a buddy who had a coin shop and learned tons just being there. Then he gave me great deals and cut me in on opportunities once in a while.
I prefer physical, for obvious reasons. but for trading, I trust Sprotts ETFs. There are other ways to go to, such as storage services. I've done some work with Hard Assets Alliance and trust them too. They have some nice options, and you can trade online anytime.
Maybe I'll do a post on options for how to hold metals. I wrote one a few years ago, but it's probably a good time to update it.