Although silver isn't as well-known as gold, it's nevertheless a very sought-after physical commodity. For myself, it helps diversify a portfolio. It can provide many of the same advantages as gold, but at a more reasonable, daily cost.
What motivates people to purchase silver?
Similar to gold, silver is regarded as a safe-haven asset in difficult political and economic times. But there are more justifications for purchasing silver.
Among the assets used as a store of wealth, silver stands out. Silver may be kept in a home safe in comparatively small amounts. Over the past four years, silver has shown impressive improvements and has held its own in the market.
Compared to purchasing silver coins, purchasing silver bullion, especially in the form of bars, results in a greater weight-based acquisition of the precious metal.
For those purchasing silver in quantity, silver bars are a good choice because they typically track the spot price of silver more closely than silver coins and have a lower premium. Also, because of their shape and stampings, silver bullion bars are simpler to keep in a vault than coins.
Silver is an actual tangible asset that you can feel and own, unlike paper assets like stocks and bonds. Silver's physical attributes provide asset holders with security, and it is becoming more and more valued as an industrial and decorative metal. Silver is a precious metal that costs less.
For some who want the security of owning precious metals but aren't willing to pay as much money, gold can be out of their price range. Silver is far less expensive than other precious metals, but it still has all of the benefits. Historically, the most inexpensive precious metal has been silver.
What considerations should you want to look for when buying silver bars? Are there any favorable brands of silver bars? I think YES!
Just like cars, the reputation of the producer matters. Generally, a reputable silver bar is produced by anyone listed in the London Bullion Market Association LBMA or Comex Good Delivery list. A sovereign mint or a reputable private refinery or mint will be listed here!
Another thing to consider is the resale value of the silver bar, when you have to liquidate your silver bars. So it may be helpful to research the brand's general resale value.
Typically, when you buy a silver bar from a sovereign mint or a private mint or refinery with a good reputation, you will pay a little bit of a premium. But when it comes time to liquidate, you will generally find it easier to resell and you get more money out of that silver bar.
The size of silver bars to buy will depend on you, of course. But whatever size you buy, silver bars can and will have a lower premium than coins. The cost to produce silver bars per ounce, whether it is 1, or 5, or 10 ounces, or a kilo bar, is lower than a coin! And remember that as you ramp up on size, you are going to pay less per ounce!
In the end, silver provides a means of avoiding the costs and inconveniences that entities would want to impose on you. You may stealthily amass silver and shield your personal and family riches from a government that is out to get you if you play your cards well. And, as the value of silver becomes widely recognized, wise people will begin to use it as a form of payment to circumvent the banking cartel and all of the endless expenses associated with simply setting money aside for a rainy day.
Reference
https://www.lbma.org.uk/good-delivery/gold-current-list#-
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Gold and Silver Stacking is not for everyone. Do your own research!
If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!
Thank you for stopping by to view this article. I hope to see you again soon!
Hugs and Kisses 🥰🌺🤙!!!!
I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.
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All sorts of fun shapes to collect! !BBH !DOOK
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I know you like your one ounce bars Saver. But I prefer rounds at one ounce.
@silverd510 That's because that's all I can afford, and my experience with my first 20 ounce bar in 2016 was a broken nail, !LOL. The heaviest bars I have are a couple of nearly 10 ounces!
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!BEER
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Always good to keep Silver in your stack!😇😊
Did we say that we shall unload when spot hits $30, @silvertop 😄?
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You have some really Pretty Silver Bars Young Lady.............
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Great post! I agree whole heartedly!
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All good points sis, and why we both stack it! Plus, it's pretty, lol! I'm a sucker for pretty! Love ya much sis. Thanks for sharing and have a lovely evening!🤗😘😍❤️🌻🍁 !LADY !LUV !PIMP !LOLZ
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Surely, sis! I like lovely things too, !LOL!!!
Much !LUV, sis🤗😘😍
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Can't live with it can't live meow it.
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All of my stuff right now is either an ounce or less. I need to start picking up some bigger pieces that I can have tucked away.
My silver bars (the pressed ones) are mostly 1 ounce. In 2016, when I held my 20-ounce bar, it broke my nail, !LOL. I guess that is why I seldom get large bars.
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No way! That sounds like a truly hefty bar!
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I always have the design on the silver as being pretty high up on my list of things! Sure, there is the weight partas well... But nothing beats an awesome design!
Ditto that, @bengy!!!
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I know the World needs to Hear about Your Hawaii, Aloha Young Lady............
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I am looking Forward to Many More to Come........
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