Buying Silver Bars Reddit

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.

Buying silver bars reddit.

A silver award requires 100 coins which simply marks a post or comment with a silver award icon. Silver bars come in many different shapes and sizes and can be pressed or poured. In terms of gold coin vs. 5 1 oz coins whatever is cheapest in the geolocation you are living or 20 gram gold bars.

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. There was a post a month or two ago explaning the best way to buy gold. One of my first transactions was for some bars of silver and gold from apmex. Investing in silver is gaining popularity and buying silver coins is not the only option for those looking to make an investment in silver.

Rest get some 5 gram gold bars going. Sorry if i come across as uninformed i just got into buying metals recently. There are now several ways to give awards. Silver bar prices vary depending on the size of the bar purchased.

Since you presented your budget in my mind your best way to get it is in the following form. Links to auction style listings such as an ebay auction are prohibited. I am pretty positive that pmsforsale is the place to look that most often has silver at spot. R pmsforsale is the best place to regularly see silver at spot.

1 100gram gold bar. However there is also value in buying larger silver bars such as 25 oz 50 oz 100 oz and even 400 oz bars. You can buy silver bars online which are typically 999 or 9999 fine. 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.

Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively. I haven t even received them yet. A classic gold award requires 500 coins and gives the recipient a week of reddit premium membership and 100 coins. 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 buy it now style listings on auction sites from reputable retailers are allowed at the discretion of moderators. In addition to the reddit rules we have the following rules. Generally speaking the premium for silver goes down as the size of the bar goes up. 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.

Also you can find gold for a small premium over spot there. Keeping silver within the community is encouraged.