Buying Silver Bars Reddit

Generally speaking the premium for silver goes down as the size of the bar goes up.

Buying silver bars reddit.

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. A silver award requires 100 coins which simply marks a post or comment with a silver award icon. There are now several ways to give awards. You can buy silver bars online which are typically 999 or 9999 fine.

Also you can find gold for a small premium over spot there. 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. Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively. However buy it now style listings on auction sites from reputable retailers are allowed at the discretion of moderators.

Sorry if i come across as uninformed i just got into buying metals recently. 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. 1 100gram gold bar. One of my first transactions was for some bars of silver and gold from apmex.

A classic gold award requires 500 coins and gives the recipient a week of reddit premium membership and 100 coins. In terms of gold coin vs. In addition to the reddit rules we have the following rules. 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.

However there is also value in buying larger silver bars such as 25 oz 50 oz 100 oz and even 400 oz bars. I haven t even received them yet. There was a post a month or two ago explaning the best way to buy gold. 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.

Since you presented your budget in my mind your best way to get it is in the following form. I am pretty positive that pmsforsale is the place to look that most often has silver at spot. Big online dealers have their promotions jmb and bold pm but thats a one and done. Keeping silver within the community is encouraged.

R pmsforsale is the best place to regularly see silver at spot. Investing in silver is gaining popularity and buying silver coins is not the only option for those looking to make an investment in silver. 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.

Links to auction style listings such as an ebay auction are prohibited. The price of a bar of silver also depends on the silver spot price at the time of purchase.