Buying Silver Bars From Banks

Bullion coins are made of precious metals designed to store value instead of being used in commerce.

Buying silver bars from banks.

Gold bars on the other hand are the stalwart of the industry what everyone from average investors to central banks buy and store. Purchasing gold and silver bullion whether in the form of coins bars or rounds is a prudent decision for investors and wealth protectors alike the federal reserve continues to issue huge numbers of debt backed instruments called federal reserve notes or their electronic equivalent thereby devaluing each unit already in existence and levying the most insidious of taxes the hidden. In other words you can t go wrong buying gold bars provided you follow four tips including where to buy gold bars. Coins may be more attractive but all that manufacturing and packaging comes at a price.

You can buy silver bars online which are typically 999 or 9999 fine. As a general rule each 1 in face value of 90 percent silver coins contains about 0 715 troy ounce of pure silver and every 1 of 40 percent silver coins contains about 0 295 troy ounce of silver. Banks that sell gold are more likely to sell coins. Buying silver bars is a shrewd investment decision.

Silver bars are available from online retailers such as ourselves directly from private mints physical silver and gold shops auction sites like ebay and in some countries directly from banks. Choose a size of bar to buy. This guide will answer all of your questions about the best ways to buy silver bars. However there is also value in buying larger silver bars such as 25 oz 50 oz 100 oz and even 400 oz bars.

People buy gold because over the long term it continues to increase in value regardless of what s going on in the stock market or the rest of the economy. Silver bullion is effectively the same thing as silver bars. But what exactly should you buy. Bars produced by certain mints are more readily available than others.

Silver bars come with lower premiums than coins are easier to store and will rise a greater percentage in price than gold bars. Silver bars come in many different shapes and sizes and can be pressed or poured. You can find silver bars at major banks or bullion dealers. Silver bar prices vary depending on the size of the bar purchased.

As such you can buy silver bullion coins if you re not committed to the notion of having silver bars. Silver bars come in a variety of sizes ranging between 1 ounce and 5 000 ounces. Gold bars can be purchased online from reputable dealers. The price of a bar of silver also depends on the silver spot price at the time of purchase.

Generally speaking the premium for silver goes down as the size of the bar goes up. If you re looking for the best value when buying a silver bar purchase larger sizes such as the 100 ounce bar as these usually have lower markups. The 10 ounce and 100 ounce sizes though are the most common.