Hey Greg, I recently invested in silver paper derivatives. I know you hate this stuff, but it looked like a nice opportunity. I was down big initially, but I followed the One Rule you Should Never Break and just continued to cost average down. Made a nice return today and I am happy to say I am keeping my promise of giving 10% away to charity!
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If your going to invest in Silver Paper. Sprott Physical Silver Trust is the only ETF that the silver is not leveraged.
The share units is 2.5 to 1 oz of Silver. If the price of Silver is $16.00 divided by 2.5 = $6.40 per unit. It is the only ETF where investors can receive physical Silver delivery at 750 ounces or more.
Awesome! I LOVE it! Thanks for sharing.
Same here but with physical.