I just wanted to write a quick review about my experience with Silver Saver. I have been with Silver Saver for just over a year now and can say, without hesitation, that I’m completely pleased with their service. I’ve done a ton of research comparing the services of comparable sites, but Silver Saver is the only one that provides everything I am looking for in a silver and gold investment/savings account. Silver Saver Review follows….
The things that I look for are: 1) must be PHYSICAL silver and gold (not paper), 2) must be TITLED and ALLOCATED in my name (not a pool account), 3) must have reasonable premiums, and 4) must be easy to use. Silver Saver has met all of these requirements and more.
They provide a great REFERRAL rewards program (not a pyramid scheme) that rewards you in PHYSICAL silver and gold that is directly deposited into your account. This, in essence, lowers the premium that you pay for purchases even further. It is possible, like in my case, that you essentially pay no premium at all due to the amount of rewards earned.
Silver Saver does charge a storage fee for storing your gold and silver but at a reasonable rate (.05% of your holdings per month or .6% per year). For example, if you had $10,000 worth of silver it would cost you $5 per month or $60 per year for storage. This is very reasonable when compared to the storage fees of competitors. You must also consider that this would be comparable to maintenance fees charged by mutual funds. I don’t want to quote exact numbers for comparison here, my point is that any investment will have similar associated fees.
I will be the first to tell you that Silver Saver is a great place when used as a savings account used to STORE your silver, but can be a little pricey to take physical possession of your holdings. The fact remains that you can actually take physical possession, so that is still a positive. But when compared to the cost of buying silver for delivery from an online dealer it is more expensive. When compared to comparable account services offered elsewhere they are about average with their delivery pricing.
Another thing that is great about Silver Saver is that I can set up automatic payments to the account and invest easily on a regular basis. I have yet to find another service that offers this kind of ease. (It has been awhile since I have thoroughly checked other services for this feature but as of this writing Silver Saver is the only place I know of that offers auto-pay).
When it comes to their premiums, Silver Saver is very competitive. When you take into account that you can earn rewards it only makes it that much better to use Silver Saver. Here is a premium schedule from their website:
The current premium tier structure is as follows:
|$25 – $149||7.49%|
|$150 – $299||6.49%|
|$300 – $999||5.99%|
|$1,000 – $9,999||4.69%|
|$10,000 – $24,999||3.99%|
|$25,000 – $99,999||3.49%|
- Silver Saver now offers Gold – Invest Today (postamericana.wordpress.com)