Hi Guys,
I take this opportunity to announce that officially i am an owner of 6KG of silver. It took sometime to open a COMMODITY Trading A/c. in process i have lost lak which i could have made ever since i gave a buy call on silver.
How to buy Silver?
It is relatively easy to buy silver all you have to do go to nearby jeweler ask for a 1kg bar current bargain price would be 35800. Don't go to a high profile jeweler as he would be updated with the price and hence could you charge you spot price of 37600-38000.
Taking physical delivery of silver is tedious mutual funds know that, hence the lack of silver ETF's in the country.
I don't advice you to take as a smart investor silver delivery worth 10lak. As a smart investor i would suggest you to buy silver future contracts in the exchange.
Benefits of buying silver in the commodity exchange
1. you just have to make a 5% commission
2. you don't have to take delivery
3. no hassels no paperwork, you can buy as many for a lak you will be able to take call on 60KG's of silver.
4. immediate settlement.
so read my article on silver if you are convinced buy silver futures, wait for a year... and then you can buy your dream home on the beach side.
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