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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