FYI For those who might be thinking about dipping their toes into the water and purchasing physical silver, but are confused about secure storage.
Did you realise that you can
Purchase physical
Store it at your home (in a safe, disguise it, hide it or bury it)
Insure it through your normal home contents policy
eg in NSW, my standard NRMA policy includes $2,500 bullion cover, but you can pay (approx) an additional $18 in your premium per year for each additional $10,000 of bullion. This is approximately 0.18% p.a. cost
Compare this to storage at say Perth Mint where the Allocated silver storage cost is 1.9% p.a
Obviously if the price of silver starts to rocket, you would need to increase your premium to cover the new value, but to me it certainly seems quite a practical option.
