How do I go about investing in silver? I have already decided I want to invest in it, but what is the best way to do it? I'm leaning towards buying "physical" silver, what are the biggest pros and cons compared to other silver investments like ETF? I read it's also possible to buy silver at swiss banks where you don't have phyisical silver but instead a claim against the bank?
If I wanted to buy physical silver, what are the main things I should look at to not get scammed? I don't want to buy it in Czech republic because we have 20 % tax on silver, which sucks. I guess I should buy it somewhere in (mid-west)Europe? Is it possible to buy it directly from "source" so I don't need to pay extra money to resellers? Could you tell me about some estabilished and reliable companies?
It should be a long-term investment, +- 5k euro.
Thanks a lot!