ETFs are evil and a tool of the Corpo-fascists to destroy the true value of commodities. Case in point. Look at what they have done to precious metals.
That's a knock against precious metals themselves - they are not good enough to stand up against ETFs because no one has any use for them. The hassle of delivery and storage combined with the lack of any practical use of the metal itself to its owner (can't spend it as money directly anywhere, aren't going to make a spoon out of it). If this wasn't true then more people would be holding precous metals themselves instead of buying ETF shares in them.
WTF? Are you serious? You have no idea how the financial system works. No practical use? BUWHAHAHAHAHAHAH. Gee I wonder what is in your cell phone?
What are the practical uses for your average investor as far as PMs are concerned? (certainly not commercial manufacturing)
Wrong!
Almost all electronics on the planet has PM in it. Without them you could not be on the Internet right now.
I don't think you understand the point I am trying to make.
I ask again, what are the practical uses for your average investor as far as PMs are concerned? Once they have their silver at home, what can they do with it?
Hold. A true store of wealth. Has about a 10,000 year track record. It is rather easy to comprehend. It never loses value.
I suppose that I can cash in for fiat at any time but I won't because the very reason to hold is that the financial terrorists will implode their paper empire leaving everyone holding worthless paper while they run off with their stashes of PMs accumulated selling worthless paper to suckers.
I live by a simple math:
Security = Bullets + Bread + Bullion
Crypto is new to the mix and worth dumping fiat into so I may change the equation somewhat.