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To: John123
No thanks... to have the equivalent holding in silver... you need storage space that is 10X bigger...

Closer to 60X bigger actually....
47 posted on 09/06/2009 2:28:37 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: Kozak

Actually, $1000 of silver has 100x the volume, because gold is 69% denser than silver.

But even $1,000,000 (60,000 [troy] ounces - 1866 kg, or 600 paperback-book sized 100 oz. bars) in silver can be stacked in a cube 57 cm (22”) on a side.

The challenge with silver really is not space, because you can fit a million worth in a thousand dollar safe. The challenge is weight. What do you do when you want to *sell* two tons of silver? Send it in to the broker in 70 lb Priority Mail flat rate boxes?

How about if you want to move it in a hurry?


51 posted on 09/08/2009 10:25:12 AM PDT by Atlas Sneezed (Socialism: The sin of envy, masquerading as a political movement.)
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