Investing in #Silver:
Many prophetic words have been coming out recently for the people of God to invest in precious metals – Silver and Gold. Gold & Silver can be purchased through a local or online precious metals dealer. Or they can also be purchased as a Stock/ETF through a stock brokerage like Fidelity. This can typically be done in a personal brokerage and retirement accounts (i.e. IRAs, 401Ks, 403b, etc.).
However, question comes up as to which ETF to invest in when buying silver through a brokerage account. There are many options, but most experts suggest we stay away from $SLV since it is sponsored by Blackrock and manipulated by big banks (e.g. JP Morgan Chase) through paper silver contracts. The risk is when the silver price manipulation ends, and these big banks go bankrupt, customers who invested in $SLV may lose their investments, because they were partially investing into physical silver and partially into paper silver contracts.
The good news is there are other silver ETFs that may be safer (not financial advice). I found this article/post on Reddit that does a good job comparing $SLV, $PSLV, and $SIVR silver ETFs. The article recommends people invest into $PSLV (and stay away from $SLV). Seems like $SIVR is somewhere in the middle, between the two.
I personally invest in both $PSLV and $SIVR in order to diversify. $PSLV (Sprott Physical Silver Trust) physical silver can be redeemed by individuals, but it is stored in Canada. However, as we’ve heard, Canadian Government was freezing people’s bank accounts, and going after their citizens’ freedoms. So hard to say how safe the silver is in the Canadian vault. We then have $SIVR (Aberdeen Physical Silver Shares ETF) which is stored in London and cannot be physically redeemed by individuals, but per the attached article it seems to be managed by Chase, which is risky, because of their alleged silver manipulation. But i haven’t heard about London attacking it’s citizens and violating their individual freedoms like Canada is.
The reddit post concludes suggesting people invest in $PSLV. Here is their explanation:
“Looking at these three side-by-side, PSLV is the safest bet (close-ended, backed by Mint of Canada, language guarantees ALL risk) and SLV seems to stand out like a sore (open-ended, limited right of inspection, unlimited storage locations, backed by JPMorgan, LIABILITY LIMITATION to Trustee ONLY!?)”
https://www.reddit.com/r/wallstreetbets/comments/lm3n7r/slv_is_a_shadyaf_black_box_vs_pslv_sivr_other/
Pray and ask God to guide you in how you should invest!