Are Silver Bars a worthwhile investment?
When you buy silver bars and silver bullion, it can diversify your precious metals investment portfolio and is also considered a safe haven, which is great for first time investors. Traditionally, silver bars and bullion are more affordable for the average investor compared to gold, this helps those who may not be able to purchase gold bars enter the precious metals market and create their portfolio.
Investors are also advised to purchase silver bars over silver coins because they offer the most silver bullion weight for currency.
Silver is the most popular precious metal to invest in, this is because the cost per ounce is far lower than other metals. Regardless of how much you invest, you will always be able to purchase more ounces of silver than any other precious metals.
Silver is highly flexible due to its low relative value and could provide significantly higher returns on investments in the long term, this is because of silvers increasing industrial consumption and global demand.
What is fine silver?
‘Fine silver’ is simply pure silver that is 99.9% or 0.999 pure. To be considered investment grade silver, it must be fine silver and 99.9% pure. This can also be referred to as ‘three nines fine’ silver/rule.
Fine silver is suitable for making silver bullion ingots, bars, and coins. Furthermore, only 99.9% pure silver is tradeable at metal and commodity exchanges. When trading silver with value, it must have a 99.9% or 0.999 purity stamp.
Since 1977 fine silver has been IRA eligible after a law passed Congress, this makes fine silver bars and bullion ideal for retirement portfolios and investments. Fine silver bars available in 1 oz, 5 oz, 10 oz, and 100 oz sizes.
Why choose Wall Street Metals?
Wall Street Metals are set apart from other precious metal investment companies. We don’t charge commission and we work for individuals such as retired teachers and small business owners rather than large corporations and governments.
We are here to help you with every step of your investment journey with our expert advice and transparency. You may be brand new to investing in silver bars, or completely new to investing in precious metals and this is why we are here for you, we believe this is what sets us apart from our competitors.
If you have any questions about our silver bars for sale or services, please don’t hesitate to contact our team today who will be happy to help you resolve your query.