Perth Mint Silver Certificates

SilverStandard

Are PMSC`s the best offshore place to put your money right now?

Has anyone done the maths to work out which is better, holding physical silver or the certificates?

Watching this video http://www.youtube.com/watch?v=eii-ciWlc2M&feature=related made think about the question can you sell your silver?

Well its dead easy to just sell PMSC`s.

Just as its easy to buy with no delivery or storage charges.

Yoshua

Yes he is right, when the price shoots up like last time in 1980, everyone is trying to find a buyer but who wants to buy at those high prices?

With the PM they have to buy them back from you at the price quoted.

I dont know the exact figures, how much does it cost?

Last time I looked into it they charged 25c per oz above spot on top of their other charges, for silver certificates.

How much does it cost to sell I wonder? They wont just give you spot price per oz, if the price does go up 500%.

Nylontokyo

They charge less for the more you invest. Its about 3% for less than 100K and about 2% over 100K. Also you are right 25c on top of the spot price, so at the moment its about $14 oz you would pay $14.25 per oz. Also the 2% and a 50 quid one off charge. This is for unallocated accounts. If you want an allocated account they will charge you storage fees every year on top for Silver that isnt even there. Loads of people think they have silver in a vault in Australia, but the truth is the PM just take your money and if you ever want your silver they make you wait while they try and buy it from someone.


Download Perth Mint Certificate Brochure Download Perth Mint Certificate Terms & Conditions Download Perth Mint Certificate Programme Application Form


There is no charge to sell it, they will give you a little under spot price.

RDB

So interesting times yes, but where to put your money until houses prices eventually bottom out?

The way things are just sitting in a bank for 4% is ok for now, if the pound stays strong and inflation is low, even slight deflation.

Imagine if you are sitting on some money waiting for the bottom to buy back into property, where is your money invested? Maybe a bit in Perth Mint bt where for the rest?

SilverStandard

The way I see it ETFs are better short term, cheaper to buy in but you have to pay charges every year. Like this one.

http://www.google.co.uk/finance?q=LON%3A+PHSP

Better long term option is to hold PM certificates, charge to buy in but then no more charges no matter how long you hold.