I want to ask your opinion on something if you don't mind. What is the minimum amount of physical silver one must hold in order to be considered having a "position?" I've heard it was minimum 500 ounces but I don't really know. Would love to hear your thoughts!
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Technically speaking 500 might be right, but I'm not quite sure on that. I think if you hold any amount of silver you're a smart person. I believe it depends on ones own net wealth, but I've heard people suggest 5-15% should go towards precious metals.