Gold is often one of the top investment options among buyers. However, silver may be more appealing to buyers who take the time to learn about its many properties and its safety in terms of market volatility. Whether you’re a new purchaser or an experienced investor, knowing how to buy this precious metal, such as in the form of 100 oz silver bars, could make it a straightforward process that comes with flexibility and affordability. Keep reading as the precious metals experts from First National Bullion, the silver and gold dealers Scottsdale collectors trust for expertise and unparalleled service, explain some of the benefits of purchasing 100 oz silver bars and offer a few tips to consider.
Benefits
This cost-effective option makes it one of the best choices, as 100 oz silver bars are generally less expensive, and their size allows you to purchase them based on your current budget. Avoiding the overpriced options gives you the benefit of buying the bars in larger quantities.
Resale flexibility is a factor buyers love when it comes to 100 oz silver bars. The bars contain verified silver, giving buyers more confidence in the silver’s weight and content. The resale advantage allows you to profit from your investment without all the headaches that typically come with selling items.
Disadvantages
With any type of precious metals, there are some downsides you need to know about that could help you avoid making the wrong purchase. The objective is to improve and expand your current investment catalog while avoiding setbacks. One of the disadvantages would be the lesser popularity of silver bars. Different from coins and other options, silver bars are typically less known.
Storing and transporting 100 oz silver bars could be more challenging due to weight. Another setback is the standards set for these bars, which are more relaxed than others, allowing scammers to produce fake options or low-quality bars.
Tips
Knowing how to authenticate 100 oz silver bars is more straightforward, making it a benefit to purchase them. One tip to remember is to look for authenticity stamps. For example, 100 oz silver bars are typically stamped with a refinery or mint’s name along with the purity and weight. If you don’t see these forms of authentication, it would be a good idea to bypass the offer unless you can speak with an experienced buyer or a reputable precious metals firm.
Storage Methods
After purchasing 100 oz bars, you must decide where to store them to keep your investment safe and in good shape. Some of the top options include storing the bars at home, in a third-party storage facility, or in a safe deposit box. Keeping the silver at home could be more convenient, but it may not be the safest way to avoid situations such as theft and damage.
Before purchasing 100 oz silver bars, consult a boutique precious metals firm about storage tips. The firm can provide a more personalized experience compared to manufacturers and give you advice that makes purchasing the silver bars less challenging and more enjoyable.
Whether they’re looking for the best place to buy or sell palladium bullion, gold coins, or silver bars, Scottsdale precious metals collectors can rely on the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how a variety of precious metals can be a valuable part of your investment portfolio. Give one of our experienced dealers a call today.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.