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May 27, 2018

On the internet, you will find many misleading articles that will get you investing in all the wrong places. They even give you a list of the “best silver bars to buy,” when in fact only you can determine the kind of silver you want, and just how much of it you can actually afford.

Still, investing in silver bars is not a bad idea, and you must not let all the misinformation get to you. You have to keep yourself focused on this game. It’s all about being knowledgeable. It’s all about knowing exactly what you’re doing.

So instead of trying to persuade you to “do this” or “do that”, I will give you some advice on how to invest in silver bullions. The best way on how to buy silver bullion is to know exactly what you’re buying. And that’s what we’re going to discuss today.

Investing In Silver Bars - The Basics

how to invest in silver bullion

Many new investors find that buying silver bars is a brilliant strategy for preserving or even growing their wealth. That’s because precious metals are far more stable than paper currency. You know how money always fluctuates in value in correlation to the current economic situations? Precious metals such as silver aren’t that affected by these changes.

Why Invest in Silver Bullion

Whatever your reason to why invest in silver bullion, you’re making a wise decision. It can save your fortune during times of economic instability because you can usually resell it for around the same value you bought it. One good method is to convert only a portion of your wealth into silver. Never allow yourself to run out of paper currency, no matter how unstable those things can get. You can always spend money. Silver will have to be resold before you can spend it. Remember that between silver coins and silver bars, only coins are considered legal tender. You can’t pay off your debts with silver bars – at least not legally.

The Different Forms of Silver

When buying silver bars, you should determine the right size and type of it to use as your primary investment tool.

Remember that silver bars come in numerous forms and sizes, and all these forms are available on the market, so a bar is not just “a silver bar”. There are many ways to describe these thin, stackable pieces of wealth.

Silver Bullion Investments

The most commonly traded bars are called “bullion”. These are investment-grade bars whose primary value is in its silver content. Silver bullion is available in round, triangle, and bar forms, all of which are worth nearly the same by weight, and contain nearly the exact same amount of silver. The shapes only matter for storage reasons – pick whichever you prefer.

Bars of the same size and brand are very easy to stack, so you might want to choose that over anything else. This also decreases the total amount of space you need for storage.

Bullion bars are composed of .995 and higher purity silver. They usually come in weights of 1, 5, 10, and 100 ounces and 1 kg. They make good investments because they are often sold at or just above the current spot price.

Numismatic Coins

Now just as how there are numismatic coins, there are also the so-called art bars. These are often sold at a higher value despite having the exact same silver content, making it an unwise choice for a new investor. A good rule of thumb is to only buy these kinds of bars for fun. If you’re a collector, then don’t hesitate to buy these specialized bars. But if you’re only seeking to preserve your money, it’s not such a good way to go. Interested in numismatic coin investment? Read our reviews personalincome.org for your guide in choosing your investment partner dealer.

Branded Versus Generic Silver Bars

Another factor to consider is whether to go for branded or generic silver bars. While the purity is most likely the same for all bars of the same size, branded ones usually cost more. This is because of the company’s reputation, as well as the scarcity of their product, among other considerations. Many of these companies advertise their products online, and so they spend money on that too, adding to their total of silver bullion investments. This explains why you should go for generic silver bars if you can avoid branded ones.


best silver bars to buy

The last piece of advice I would like to share with you is that you can ignore brand new silver bars. Sure, they may be shinier, and they are far more attractive since they came in directly from the mint or wholesale companies, and they're sealed in nice protective plastic. But these brand new silver bars sometimes have additional costs. The best value for your money is in the form of secondhand bars. The value of brand new and secondhand are almost exactly the same, except you will be expected to pay less simply because it’s not brand new! Read here to learn more about the value of silver. 

Keep these in mind and you’ll be able to invest properly in silver bullion. 

In Personal Income, we also help you on how to protect your investment. Visit us now!

Editor's Note

You can get ahead of the learning curve by learning from experts and other reputable sources. For example, Minesh Bhindi's free webinar "Silver and Gold for Life" has great advice that has been known to work and bring in the returns. Sign up for his webinar here.

About the author 


Tom is a former accountant turned entrepreneur. He is not a financial adviser but does tend to give a lot of financial advice to his friends and colleagues. He currently runs a small online venture and blogs about his research and experiences.

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