Follow on Google News
News By Tag
News By Location
Follow on Google News
What to know when you buy silver bars
Inflation and job worries lead many investors to precious metals
In the past, banks would pay a nominal interest rate for depositing and keeping money in a savings account. Now, the introductory rates offered by banks are laughable.
Having only a savings account in the bank doesn't provide the financial security that it did in the past.
Banks are now charging ridiculous recurring fees for everything while projecting the attitude that they are the ruling class and that you should feel privileged for having access to your money.
Investing in precious metals serves a different purpose than buying stocks or crypto. Stacking silver bars helps to establish a secure financial foundation.
Gold and silver bullion are considered to be stable investments that maintain their value over time. It's one of the best methods to hold your long term savings instead of keeping it in the bank.
You get to own a physical asset that has intrinsic value when you buy silver bars. Having a small stack of silver bars stashed away at home can make you rest easier.
It's like having money in a savings account at the bank, but with the security of having it in your own home.
Silver bars and rounds are easy and simple to buy and store at home. The best part is that they are very liquid. They are very easy to sell quickly when you need the cash.
Many sizes, shapes and denominations of silver bars and rounds are available from online bullion dealers and prices that anyone can afford.
Many stackers advocate holding a diverse mix that includes different size silver bars that are stamped with the metal, weight, purity and include a private mint hallmark.
The most typically available sizes are 1 oz, 5 oz, 10 oz, and 100 oz in bar form. It is best to stack silver bars from well-known mints to help make selling simple.
Online bullion dealers often have the lowest premiums for silver bars.
FindBullionPrices.com tracks silver bar prices for most major online bullion dealers, including prices for secondary market silver.
Occasionally dealers offer new customers a way to buy 10 oz silver bar at spot price.
Some online dealers continue to offer new customers a way to buy silver starter portfolio to introduce the true value in saving with silver.