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It is safe to say that making smart investments throughout your life can help in the long term. However, sometimes, unexpected monetary and economic policies hamper standard investment options such as the stock market, money markets and other investment-based industries. People have lost and gained through fluctuating markets. If you have made some investments, losses in such cases can be hurtful and the money saved up over time can all go to waste.
Why, then, should one take the risk? Granted, a higher risk is directly proportional to higher rewards, but not everyone thinks on those grounds. Therefore, you can consider making safe investments, which are ones that are unaffected by monetary and economic policies like gold or 1-oz silver bars.
Silver Bars
Silver Bars
Silver has been a great investment over the years and is known to retain its value. It also gradually increases in value, so if someone has silver lying around, it is best to hold on. If not, it is advisable to purchase it.
Purchasing 1-oz silver bars is a better investment option as opposed to going for round silver coins. This is because silver bars have a higher value, as they are credited for being an industrial product as well. This means that over time, silver bars give a higher return on investment as opposed to silver coins.
One can also choose to go for 5-oz silver bars, 10 oz silver bars and even 100-oz silver bars, depending on the budget and investment plan. They are also better options than silver coins as bars are legally considered to be precious metals as confirmed by the IRA and are, therefore, more practical in this regard. They also hold a value in the market.
How to Purchase
How to Purchase
The first thing to consider when purchasing a 1-oz silver bar is to ensure that it is genuine and someone is not fooling you. Otherwise, this would just be a waste of money. Going to a trusted dealer or doing your own research is a wise idea.
One way to check the authenticity of the silver bar is to check for stamps of its weight. This will give you a sure idea that the silver bar is not tampered with and is original. Moreover, check for the purity of the silver. Naturally, the higher the purity, the higher its price and the more valuable it will become over time. Therefore, always check for stamps. Other identification marks are the insignias of the producing institutions.
Payment options also vary depending on the dealer. People have the facility to purchase silver through cash, cheque, trade and even cryptocurrency.
Before purchasing 1-oz silver bars, you can also check whether they are IRA-approved, which is a safety standard that ensures that the product has been checked and certified for being high-quality and genuine. Many major traders have all their products approved from the IRA.
Some buyers may also demand an assay of the product, which means some sort of verification that the silver is genuine. If the assay is not present, the chances are that the silver bar is not original or has some sort of mixing. Some famous institutions for this purpose are Element, Royal Canadian Mint and Republic Metals Corporation. These trusted institutions are a good way to ensure that the silver bar that is being purchased is original and will prove to be a fruitful investment.
Where to Purchase From
Where to Purchase From
Not all websites and online dealers can be trusted when it comes to buying 1-oz silver bars because of the ability to tamper with the authenticity of the product. Some also sell at a higher rate than the market. The chances of being sold a fake silver bar is higher online but can be lowered or close to zero with some genuine websites such as Money Metals Exchange and SD Bullion.
One can also purchase from a dealer if the source has been tried and tested beforehand from a reference, ensuring that the above criteria of authenticity are met.
The choice of purchase can also depend on the rates being offered. 1-oz silver bars for sale have relatively fixed market values. If they go up, all rates go up and vice versa. Therefore, checking the general market rate can give you a better idea of what rate should be offered and if there is a premium being applied.
Silver as an Investment
Silver as an Investment
Silver, like sold, is a very different investment plan as opposed to the stock market or other money markets. Since silver is able to retain its value for a long period of time, that means that the rate of growth is very slow, but that also makes it a less risky option. In fact, it may even take years for silver to give the desired return on investment. In this regard, faster moving markets, like the stock market, produce a better return on investment in terms of liquidation and time.
With silver, the risk is relatively much lower. You risk losing money in the stock market, but with silver, you have more stability so that you can decide to put your cash in one place without too much worry.
Silver is also a readily liquid asset and can be cashed in a short interval of time due to its characteristics of being an industrial product where industries can melt it to produce raw silver.
Conclusion
Conclusion
Depending on the nature of the investment plan, silver can prove to be a good option in terms of holding cash and getting returns while having lower risk. For starters, it is recommended to buy 1-oz silver bars as opposed to higher quantities and from reputable institutions as mentioned above. One must be cautious before making a purchase to ensure that the money paid is for something genuine and worth the value instead of being scammed.
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