My Trading Adventure

My Trading Adventure

CP TEH
Publish date: Sun, 21 Aug 2011, 01:57 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
SLV : Discovering the risk attached to this sliver-ETF. Buying physical Gold or Silver then?

SLV-c1 : I will continue to trade her, tho it is low volume. No one looking at her as not many know what SLV stands for and not many want to take such a high-risk trading a call-warrant.

Many metals experts believe that silver ETFs and gold ETFs may hold less than the amount of precious metals they supposedly own or none at all.

For most of us precious metals investors, the essence of keeping your hard-earned wealth in precious metals is to own a physical asset that can weather any economic storm. When you put your wealth in ETFs, you simply become an unsecured creditor of a mega-bank that will happily gobble up your wealth if financial turmoil strikes.

As is true of any electronic or paper form of wealth, the investor can be denied access to the value of his or her gold ETF or silver ETF shares due to Acts of God, war, force majeure, confiscation, computer glitches, fraud, insolvency, lawsuits, liens, garnishment, etc. Given those caveats, coupled with the very real possibility that silver and gold ETFs are not backed by physical gold or silver, investing in real, physical gold or silver will always be the safer bet. The higher premiums investors pay for physical gold and silver stored either their home or in a segregated fully insured vault account seems a small price to pay in exchange for a safe and secure investment

TEH
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