How To Buy Silver Bullion Bars
How To Buy Silver Bullion Bars
The larger bars are the best value, as the premium is the lowest per ounce.
Make sure that you get bars from known, reputable refineries, just as Johnson-Matthey.
They have a serial number and a hallmark on the bar, with the weight and the fineness stamped on the bar.
Be sure to buy them from a reputable dealer like GoldSilver, as forgeries are becoming more common now that silver prices are rising.
Fake bars have a silver finish with junk metal inside.
Disadvantages
The challenge with large bars is that silver could go to $500 or $1,000 an ounce, so if you go to liquidate a 1,000 ounce bar, that’s $500,000 or $1,000,000, which is a large sum to liquidate at once.
So 100 ounce bars may make more sense, as they have low premiums, but don’t force you to liquidate as such a high level.
Advantages
Silver bullion bars stack neatly in a safe. 10 ounce bars stack very well in a small home safe.
Buying silver bars minimizes the premium you pay.
The next topic in the ‘How To Buy Silver‘ education series is:
