How and Where to Buy the Silver Bars – Making the Right Investment Decision

Buying silver bars is a crucial investment decision. The bars come at much lesser premium as compared to silver coins. Many of us wonder what exactly to purchase and the right place to purchase them from. This guide will answer the entire relevant question related to the silver bars.

Why are silver coins more expensive than bars?

Coins have much more intricate designs and they require more machining costs and greater labor. Due to this reason premiums are higher on coins as compared to the bars. As per the latest statistics and premium comparison, it has been found that silver bars premium is roughly one third or two third of the silver coins premium.

As you accumulate more and more ounces, space is an essential thing you must consider. Silver bars consume much lesser space as compared to same number of ounces of coins. Moreover, you do not have to compromise on any of the core advantages. They are liquid, private, portable and last forever.

Choose the right size to purchase

One of the first decisions you need to make is what size to purchase. They are available in different weights and sizes. The bars ranging between 1 ounce to 100 ounces are quite suitable for most of the investors. The banks and exchanges usually purchase as huge as 1000 ounces of bars.

There is range of refiners in the silver market. The main thing is that you buy bars from a highly reputable refiner. You have to see the below mentioned information before buying:

  • Learn about the purity – bars from reputable suppliers have approximately 99% of purity
  • Check the serial number – every silver bar has a unique number printed over it
  • Weight or content
  • Refinery – manufacturer’s name is stamped on the bar

These silver bars could be bought from numerous places like the auction sites, online dealers and even the bullion shops near you. The best advice is to purchase silver bars from a highly reputed dealer. The trustworthy and reputable dealer will help you to avoid pitfalls and hence purchase high quality products.

Ordering the products online is simple and quick. It can be done any time of the day and allow you to lock in the market price at precise time. Not only this, many online dealers sell products at much cheaper rates as compared to the offline stores. You have to check whether the dealers accept multiple forms of payments like check, money order, debit card or credit card to name a few.