I'm short.

Today I want to explain why.

Let's start with some disclosure. I own silver.

Not as much as some of the keenest enthusiasts I know, many of whom have bought, quite literally, a tonne of the stuff (around 35,000 oz). But a sizable stash nonetheless.

And I've no plans to sell it. Apart from anything else, selling physical metal is a hassle. That's one of the reasons I like physical metal. Any sale or purchase becomes a big decision, not something you do lightly at the click of a mouse.

To be honest, I'm not sure I'll ever get round to selling it – not unless I really need the dough.