Investing in physical silver bullion can be a keen decision. Like with other precious metals, experts consider investing in silver as a long term investment. Owning physical silver can also be a sensible way of diversifying an investment portfolio. It is a tangible asset that won’t tarnish or corrode over time. Additionally, silver enjoys a high demand from many sectors of the industry. Silver market value is usually more volatile than gold’s and, as a result, prices could rise a greater percentage.
When choosing to invest in physical silver, investors typically have the option of purchasing silver coins, silver rounds or silver bars. There are pros and cons for each of these bullion options. In this article, we will briefly focus on why and how to buy silver bars and what silver bullion bars are on the market right now.
Silver coins, such as the American Silver Eagles, produced by the US Mint, or the Silver Maple Leafs, from the Royal Canadian Mint, are legal tender and are backed by a sovereign government. Those features combined make silver bullion coins an extremely liquid option.
On the other hand, silver bars are typically produced by private mints. Nevertheless, there are many domestic and foreign private mints that are highly regarded by investors worldwide. One example is PAMP Suisse, a refinery based in Switzerland that produces silver bars.
Silver bars may lack legal tender status, but they usually have lower premiums when compared to silver coins. The overall labour costs for each ounce is significantly less. This results in cheaper and more affordable products. In other words, investing in silver bullion bars means maximizing your investment in terms of dollar per pure silver content.
When it comes to storing your silver bullion, bars offer a more convenient way to do so. Coins or rounds are usually sold and kept in tubes or boxes, which take up a lot of space. Conversely, silver bars are easy to stack, allowing for the same weight in ounces to be stored in a smaller area.
The following is a list of some popular silver bar mints and brands among investors.
PAMP Suisse Silver Bars
Founded in Switzerland in the 1970s, Produits Artistiques Métaux Précieux, or PAMP, is largely acknowledged as one of the finest precious metal refineries in the world. PAMP Suisse offers a range of silver bars to fit every investor’s budget, from 1 oz to 1 kilo silver bars.
One of the most famed designs to feature on PAMP’s silver bars is Lady Fortuna, Roman goddess of fortune and personification of luck.
Scottsdale Mint Silver Bars
This prominent private mint from Arizona is based in North Scottsdale, and produces silver bars and silver rounds for investors and also silver coins for foreign countries. Their silver bars are embellished with their logo, a crowned lion’s head.
You can find silver bars from Scottsdale Mint ranging from a few grams to 100 troy ounces.
Royal Canadian Mint Silver Bars
The Royal Canadian Mint produces the Canadian Maple Leaf silver and gold coins. They are some of the market’s most popular sovereign coins.
Other than manufacturing the Maple Leaf coins, the Royal Canadian Mint is among a few national mints that also produce silver bullion bars. Needless to say, because their silver content is backed by a sovereign government, these silver bars are extremely sought-after and a very liquid option.
SilverTowne Silver Bars
With headquarters in Winchester, Indiana, the SilverTowne Mint was established in 1949. It has since acquired buyers both in the US and in the world.
They also produce silver bars in a range of sizes. Each new product released by SilverTowne is popular among precious metals buyers.
Sunshine Minting Silver Bars
Sunshine Minting, based in Coeur D’Alene, Idaho, offers silver bars. They are available from sizes ranging from 1 to 100 troy ounces. Each silver bar contains the finest 0.999 pure silver, making for an elegant finished product.
Their silver bars are adorned with their logo, a soaring eagle with a burst of sunlight in the background. The mint also secures their bars with the popular MintMark SI anti-counterfeit technology. It can only be viewed through a decoder lens.
On the whole, silver bars could be the ideal purchase to enhance an investors’ portfolio. Their different weights, affordable prices, and overall chance to optimize expenses can fit into a number of investment scenarios, from new investors to more experienced ones.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.