Buying 1
oz silver bars can be a good investment and are not too expensive to purchase.
There are several types of silver ingot bars available. From the small one troy
ounce of silver up to 100 ounces or more. The 1 oz silver ingot bars that are
99.9 percent pure are easier to trade. Silver bars are produced by many
different mints and refiners. The larger silver ingot bars tend to be used more
by jewelers and for industrial purposes. The smaller silver bars by industry
and the public and the ten and one ounce bars as investments and collectibles.
Look for the size, weight and maker stamped on the side of each bar. Because of
all the recent unrest in the world, silver ingot collecting has become more
popular as a hedge against a downturn in the economy. Silver Ba rs are not as
popular as silver coins. Be careful when buying small quantities of silver at a
time because the shippi ng cost can outweigh the investment value. Ten and one
hundred ounce bars are better for investment purposes. There should be much
more care when purchasing bars because they can be counterfeited more easily.
Counterfeit bars may have holes drilled in the side with lead poured in. The
holes are then covered up with silver making it almost impossible to tell them
apart from a non counterfeit bar. Always purchase bars from a reputable dealer
who can authenticate the bars as genuine. This will make it easier to resell
them at a later date. Do your research before purchasing silver ingot or bars
or just stick with officially minted coins.
Discounted prices on silver at GovMint.com
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"Historically the price of gold has
been around 16 times the price of silver. So, for example, based on the
long-term historical average ratio, with the price of gold around $650, the
price of silver should be around $40. It's not, of course. It's around $12.50.
Today then, the silver ratio is more like 50. What explains the difference
between hundreds of years of history and today? Simple demand for silver
as money. During periods of history when silver has been used as a currency, it
has almost always been valued ~ 1/16th the price of gold. When silver has been
"demonetized," supplies soar as people sell silver for gold and
currency. On the other hand, during periods of monetary crisis, the price of
silver tends to increase far more than the price of gold as demand for silver
is once again created by monetary needs.This influences the silver to gold
ratio heavily in silver's favor. For example, the ratio r eturned to its
historic range (16) during World War I. It happened again in the early 1970s
when Nixon abandoned the gold standard. It also happened most famously in
1979/1980 when gold briefly soared to $800 an ounce and it seemed as if America
was really entering a severe money crisis. Silver is the best hedge against a
money crisis because its price will increase many more times than gold, as the
silver-to-gold ratio reverts to its historic average. Silver will once again be
worth 1/16th the price of gold. It is now worth only about 1/48th. Given this
perspective, I hope you see why silver's recent move from around $7 to around
$12.50 is only the very early signs of a money crisis. " - Porter
Stansberry
"There's around four billion ounces
of gold above ground and around one billion ounces of silver. All that gold is
worth 200 times the silver. Yet 150% of each year's silver mine production is
necessary for vital industrial purposes. Most of the silver ever mined is used
up and gone forever. There's been a silver shortfall every year for 20 years
but the price has failed to reflect this, despite the fact that a shortfall is
one of the most powerful influences in establishing a price." - James Cook
Do you
think now could be the right tome to start accumulating 1 oz Silver
Bars?