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There are many advantages for opting to invest in silver certificates over physical silver. The main prominent advantages are ease of storage and transportation. Storing silver certificates does not require as much thought as storing silver coins or bars. The certificates can be stored very easily while physical silver will need to be safely stored under lock and key in a safe. Furthermore, the coins will have to be tended by you to be kept well maintained. As opposed to this silver certificates do not require much maintenance. Also if you are relocating, transporting physical silver can be worrisome with much risk involved. Silver certificates can also be easily carried with you when you travel which is not the case when physical silver is involved. So in such a scenario there is a chance that you may be robbed of your silver coins when you are travelling. This stresses the point that it is much safer to invest in silver certificates than in actual physical silver. Also when you need to sell the silver, selling silver certificates is much more convenient than selling physical silver. Ownership can be easily changed as regards to silver certificates, no matter where the physical silver is stored. In physical silver however you have to make arrangements for transporting the silver coins and bear the risk involved as it is impossible to transport large amount of silver without arousing attraction. There are also some downsides to investing in silver certificates over physical silver. Silver certificates are easily stored but can also be easily destroyed in a fire or a flood. In contrast silver may melt but will not be totally destroyed. Also silver certificates require an enormous amount of trust. You are the owner of some silver you have never laid your eyes on. There have been cases where the banks have refused to honour the silver certificates issued by their own banks by declaring them false to claim the metal themselves. Moreover a bank can sell a deed to the same silver to may different people at the same time. It would never be discovered unless there is a financial crisis and everyone wants to redeem their silver. A silver certificate may ultimately prove worthless in a financial emergency while physical silver will retain its intrinsic prices on silver. Furthermore, they banks will store your silver for a price and over the years it could eat up any profit that you might have made even if the silver prices are higher than your purchasing silver price. Kyles Humphrey is an experienced journalist in silver market, mining & stocks, who periodically writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com for more details.
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