Buying Silver Bars Reddit

In terms of gold coin vs.

Buying silver bars reddit.

There are now several ways to give awards. There was a post a month or two ago explaning the best way to buy gold. Keeping silver within the community is encouraged. In addition to the reddit rules we have the following rules.

Rest get some 5 gram gold bars going. Silver bars are a smart way to invest in silver for both the experienced investor who wants large quantities as well as for the first time investor. One of my first transactions was for some bars of silver and gold from apmex. A silver award requires 100 coins which simply marks a post or comment with a silver award icon.

The most common gold coin size remains one troy ounce 1 oz while the international exchange standard gold bar is no longer the old 400 oz gold bar central bank standard but the lbma approved 1 kilo gold bar exchanged on the shanghai gold exchange the world. Big online dealers have their promotions jmb and bold pm but thats a one and done. Buying a singular 400 oz bar can be more affordable for a bulk purchase than buying 400 individual 1 troy oz bars because of the premium per ounce of. After a little research i realized i really don t know the risk of coming across a counterfeit and even if i did i don t know how to spot it.

Silver bars come in many different shapes and sizes and can be pressed or poured. Buying silver bullion is typically most affordable when you buy silver bullion bars the most popular silver bars for sale are 1 oz 10 oz and 100 oz sizes. Also you can find gold for a small premium over spot there. Sorry if i come across as uninformed i just got into buying metals recently.

Generally speaking the premium for silver goes down as the size of the bar goes up. Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively. Silver bars can be minted from private silver mints such as the highly recognized republic metals corporation to government mints like the royal canadian mint rcm of canada. Links to auction style listings such as an ebay auction are prohibited.

However there is also value in buying larger silver bars such as 25 oz 50 oz 100 oz and even 400 oz bars. However buy it now style listings on auction sites from reputable retailers are allowed at the discretion of moderators. Since you presented your budget in my mind your best way to get it is in the following form. 1 100gram gold bar.

5 1 oz coins whatever is cheapest in the geolocation you are living or 20 gram gold bars. Silver bar prices vary depending on the size of the bar purchased. I haven t even received them yet. Investing in silver is gaining popularity and buying silver coins is not the only option for those looking to make an investment in silver.

You can buy silver bars online which are typically 999 or 9999 fine. R pmsforsale is the best place to regularly see silver at spot.