We get asked a lot by new investors, what is the best silver bullion product to buy and why?
The answer is it all depends on your goals and why your buying silver in the first place. Do you want them to protect you from inflation? Do you want a growth investment
Or
Do you just want to roll around in them because they look pretty? It’s cool, I don’t judge.
In fact let’s both imagine a huge swimming pool filled with silver coins, imagine diving into that baby.
Seriously don’t! Because it’ll hurt, a good kind of hurt though, maybe, who knows…
That was a very strange and very disturbing twist we just took there, I just really like silver coins and swimming pools, we’re still friends right? Trust me I make a good one but let’s move on..
Let’s take a look at some of ways you can invest in physical silver:
1. Government Minted Coins: Normally any .999+ pure silver coin that is minted by a world government and has a face value guaranteed by that country is considered to be a silver bullion coin.
Bullion coins are normally well recognized world wide and are easy to buy, sell and trade. They will always be worth at least their face value as long as that countries government exists to back it.
Some popular bullion coins are the Canada maple leaf, American Eagle, Fiji Taku and Chinese Panda Bears. Bullion coins are often the most expensive bullion product because they are government minted and backed. Personally I like the Canada maples, mostly because I like pancakes and maple syrup but also because it’s a coin and symbol trusted worldwide. Do not put these coins on pancakes, you have been warned!
The Canada Maple. A silver bullion coin minted by the Government of Canada
2. Silver Rounds: A silver round looks like a coin except it has no face value and is minted by various private mint’s. Silver rounds are clearly stamped with their weight and purity on them and are normally easy to buy, sell and trade. Silver rounds are usually quite cheap compared to coins, sometimes a dollar or more an ounce cheaper than Canada Maples for example. Rounds come in different weights but the most popular is the 1 Oz round.
Silver Rounds minted by various private mints around the world.
3. Silver Bars: As a general rule, the bigger silver bar you buy the lower the premium over the spot market price you’ll pay.
Do you like big hunks of shiny, sexy metal?
Me too. 100 + Oz bars and even thousand oz bars can be had for close to spot price however they are hard to sell when you want to liquidate them.
But…
They are fantastic to put on your mantle and gawk at or pretend they are a very large shiny bar of soap and rub all over your body, don’t ask, I know someone who did this, it was weird, I know.
People do weird things sometimes, it’s okay really.
My point is big bars can be a good way to go if you want to buy a lot of silver at close to the market price, but there not for everyone. Personally as a man, nothing is better then having a pair of big, smooth shiny bars. Serious guys, ladies love big bars trust me,
So to sum it up. Government coins are good if you want easily recognizable, easily traded silver. Rounds are good because they are cheaper and easy to trade since they come in as small as 1 Oz size and bars are great because they offer the lowest premiums, especially the bigger ones just be aware they may be harder to sell when the time comes.
10 Oz and 100 Oz Bars
That’s all the education for now, do you feel smarter?
-Gotta Fly