Week 5 is about gold and silver certificates.

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What You Need to Know about Gold and Silver - Week 5

Advantages Disadvantages
  • No shipment and storage fees
  • Very high liquidity
  • Follows gold and silver prices
  • Fees and commissions
  • Most believe it is impossible that the certificates are backed by real gold/silver
  • Some certificates actually admit they are partially backed by gold/silver
  • Counter-party risk