Silver bars are fantastic products to own and trade. One of the most underrated features of silver bars is the wide selection of weights and sizes. With 20 gram bars, you can collect them as coins. Or you can find some really impressive pieces up to 5-10 kilogram! Some manufacturers prefer to cast and [...]
About silver bars
Silver bars are fantastic products to own and trade. One of the most underrated features of silver bars is the wide selection of weights and sizes. With 20 gram bars, you can collect them as coins. Or you can find some really impressive pieces up to 5-10 kilogram! Some manufacturers prefer to cast and mint bars using the troy ounce system over gram and you will find products from 1 oz (31,05 g) up to 100 oz (3,105 kg).
Compared to gold you will get a lot kilos for your money, so it’s easier to build a stack and when it’s time to sell it’s easier to liquidate your assets in smaller pieces. If you accumulate a big stack you might need a big and safe place to store them. Whether you buy silver as an investment or build a stack to protect you from financial turbulence, these are really good products to own. It’s easy to sell to either an investor or an industrial company.
Silver is both used for investing and as a commodity in the electronics industry. The spot price of silver is therefore affected from two sides. Although used for investment, silver does not qualify as an investment by most governments in the world. That means that silver is subject to VAT, but the market spot price for silver is excluding VAT. That is why the price premium might seem higher than on gold for example, but you usually get the higher price when you sell too, so it’s not a big issue, unless you trade with countries around the globe.
Minted and cast bars
The manufacturers produce both minted and cast silver bars. The cast bars are made from a pouring silver into a mold that is shaped to hold a specific weight in silver. The bars get a rough surface from the process and the manufacturer stamps their brand and a serial number on the silver bar. The biggest silver bars are always cast.
A minted product gets the same finish as a minted coin, ususually a design that covers the entire surface with design elements and text. The minted variants have a more luxurious flare to them, but the purity of silver is the same in cast and minted bars. The minted bars make great presents and collectibles, since some manufacturers create a new design every year. A popular attribute is a design connected to the 12 animals of the Chinese zodiac, where every year gets a new animal.
The origin and community around silver
Silver is named AG in the periodic system, and the name origins from the lathin word argentum, which means silver or white metal. The country Argentina has got its name from the huge amounts of silver that were discovered in the region by the Spanish explorers. Today, many of the biggest silver mines are located in Mexico and South America, but also in China, Australia and Poland.
There is also a vibrant community of silver enthusiasts online that share information about how to find the best silver products to buy online. Some go as far as casting their own bars of silver from scrap silver and old silverware. These products are mostly for entertainment and art over a longterm investment in the metal itself, but that is just one more beauty about silver.