Why Buy Silver Bars?
Here's What Our Experts Have To Say
Buying silver bars can be a good investment and diversification tool. Silver bars are relatively affordable to purchase.
There are varying types of silver bars available. From the small one troy ounce of silver up to 10 ounce and one kilo bars and more. All silver bars should be 99.9 percent pure or above. Always purchase from a reputable precious metals firm like GmrGold.com
Silver bars that are available for purchase should always be produced by a mint or refinery. Refiners usually produce silver ingots - Silver ingots are the larger bars and tend to be rough and are used by jewelers and also for industrial purposes. The smaller silver bars are often the ones purchased as investments and collectibles. The size, weight and maker should be stamped on each bar.
Silver has become more popular recently and silver bars are a good investment for the future. Silver bars should always be stored in a safe location and away from public view.
Silver bars are probably not as popular as silver coins. Small one ounce bars are really only for collectors as the mark up and shipping costs outweigh the investment value. Ten and one hundred ounce bars are better for investment purposes.
It is possible to buy a counterfeit bar quite easily. With counterfeit bars, holes are drilled in the side and lead is poured in. Then the holes are covered with silver and it is almost impossible to tell this has been done. This is exactly why you should always purchase from a reputable precious metals firm like GmrGold.com.
Provided you spend some time doing your research there are some great deals out there and an astute collector can build up a nice portfolio when you buy silver bars at the right time from the right firm.
Remember, "Take care of your money and your money will take care of you."
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