Silver has retained its value as a precious metal for hundreds of years. From being used to make currency coins to becoming a highly sought-after investment vehicle, its trajectory has only been upward. If you plan to make a safe investment and are looking for some comfort in a potentially volatile economic climate, silver is your go-to metal!
Going a little further, a 10 oz silver bar is an ideal investment option for people starting with a silver bullion investment. Even seasoned investors buy these silver bars to diversify their portfolios and make safe bets. A 10 oz silver is neither too expensive nor too trivial an investment decision.
Before you consider your options and go ahead with the purchase, have a look at eight important facts you should know about the 10 oz silver bars:
1) 10 oz Silver Bars Have .999 Pure Silver
If you purchase a 10 oz silver bar, you are purchasing some of the purest bullion silver available in the market. These bars contain .999 or .9999 fine silver. This implies that the silver in these bars is 99.99% pure. Such high purity is the biggest reason behind the high popularity and demand for silver bars across the globe.
2) Know The Different Types Of Silver Bars
Before you purchase a 10 oz silver bar, you should the different types of silver bars available for investment. The two major silver bars you can invest in are minted and cast silver bars.
A minted silver bar is the stereotypical lustrous silver bar we are all familiar with. It is cut from a larger silver piece and stamped later. The minted silver bars are also engraved with specific logos and serial numbers for authentication. They have a refined and smooth look to them, often leading to higher premiums over the spot price.
A cast (or poured) silver bar, on the other hand, is produced by pouring molten silver into a cast/mold. As compared to the minted bars, they are rougher and more rustic in appearance. They also have more variations than their counterparts.
3) They Have Unique Designs And Branding
Another important fact you should know about 10 oz silver bars is that different manufacturers feature different designs and branding on them. Most manufacturers prefer stamping their brand logos on the silver bars for easy recognition. On the other hand, some of them go for intricate designs, such as landscapes, animals, etc.
Neither of these designs or branding techniques affects the weight or purity of the 10 oz silver bars. They are done to lure collectors and investors into buying silver bars from specific manufacturers. When you plan to purchase a 10 oz silver bar from a specific brand, look for the precise branding and design on the surface for authentication.
4) Their Liquidity Is Impressive
Once you have a 10 oz silver bar with you, you need not worry about its liquidity and resale. These assets have high recognition and acceptance worldwide. High liquidity makes it easy to purchase and sell a 10 oz silver bar anywhere across the globe.
Such high liquidity of these silver bars is also due to high availability among various dealers worldwide. If you possess one or more silver bars and encounter a financial emergency, you can easily sell them to get some cash and resolve the issue. Moreover, the resale value of 10 oz silver bars is higher than the silver bars of smaller quantities because of the higher metal content.
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5) You Can Transport And Store Them Easily
10 oz silver bars are smaller in size and weight than many bullion metal assets. This makes them easy to transport and store. As long as you keep your silver bar secure, you can carry it seamlessly. You can also store it safely at your home without worrying about the space it would occupy.
6) You Get Insurance Coverage
With a 10 oz silver bar in your portfolio, you can also get yourself an insurance plan that covers its loss. There are insurance plans dedicated to precious metals like these. Having said that, know all the details about the concerned insurer and the insurance plan before you opt for any such plan associated with your silver bar.
7) They Keep You Safe During Inflation
Inflation is a common economic uncertainty that reduces your purchase power. During such events, volatile and intangible investments like stock and bonds can hamper your financial well-being. This is not the case with a 10 oz silver bar. This asset, just like most tangible bullion metals, becomes a hedge against inflation. This is also the case with most economic uncertainties that threaten the financial stability of individuals as well as the country.
8) They Carry Immense Historical Value
One of the many reasons why a silver bar continues to be a much-preferred investment option is the historical value it carries. People have used silver for trading, investing, and other financial activities for centuries. Even if you look at the trend of silver spot prices over the last few decades, you will see that the metal’s value has only increased with time. If you invest in a 10 oz silver bar, you are more likely to make a handsome profit in the years to come.
The Final Word
Now that you know a 10 oz silver bar well, you can proceed with making your coveted investment. However, do so after finding a trusted dealer with an impressive track record. If you are about to make your first bullion silver investment, analyze the market trends, consult experts, and choose the right quantity before investing your hard-earned money.
