Hi. This is my first post on your forum.
I joined because I am very interested in silver and I think this thread could be valuable to me. I will probably look around the other threads but I think this will likely be my main residence.
Aside from the industrial aspect of silver, here are some of my thoughts regarding the monetary aspects of silver bullion.
My position is that I think silver bullion is a great thing to own. But you have to own it, take personal delivery and work out a quick access type of safe storage for it. Keep it small, 1 oz, 5 oz etc. It's all about logistical diversity. ETFs, pools, allocated storage accounts are various methods of owning or obtaining exposure to precious metals, but you're always dependent on various factors and processes, including the banking system, the internet, even the electrical grid, all working together at any one time for liquidity.
In addition, and more importantly, silver is very special because the average person can afford to make use of it. The higher the monetary (investment) demand for metals, the closer we will move to the classical silver to gold exchange ratio.
I think it is important to remember that the definition of a financial crisis is a lack of liquidity.
