Quote:
Originally Posted by bnorth
Is the market only hanging on now because the hoarders are supporting it?
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I found this article online. I only skimmed over it, but it looks like 28% of the annual silver supply is used for investment.
https://www.jmbullion.com/investing-...bullion-today/
Keep in mind though, that some of that isn't held by stackers. The IRS will let you have a self-directed IRA backed by precious metals. The tax laws are complicated for that and I don't participate, but I do know that one of the requirements is that you cannot physically hold the metals. It has to be held by private 3rd party storage companies.
For me, I want silver that I can actually hold, that I possess, not in some vault (unless it's a bank safe deposit box). I don't want a certificate, a silver EFT or anything else that shows I own it on paper. I want it in my possession.