Gold and silver market update: If you don’t hold it, do you really own it?
In this presentation, Jeffrey Christian of CPM Group provides a market update and discusses the idea of whether you need to hold your precious metals in order to actually own it.
Jeff explains the different types of ownership, including physical in possession, allocated vs. unallocated storage, pooled vs accumulation accounts, and ETFs. He looks at when you can (and can’t) take delivery, and where the real risks lie.
Jeff also outlines the three major risks to precious metals holders, puts U.S. “confiscation” fears in historical context, and contrasts today’s economic incentives with the past.
The video concludes by once again discussing whether the world is “running out of silver.”
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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