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Tuesday, January 24, 2006

Buy Silver Bars

Buying silver bars can be a good investment and are not too expensive to purchase.

There are varying types of silver bars available. From the small one troy ounce of silver up to 10 ounce and one kilo bars and more. All silver bars should be 99.9 percent pure or above.

Silver bars are produced by mints and refiners. Refiners usually produce silver ingots Silver ingots are the larger bars and tend to be rough and are used by jewelers and for industrial purposes. The smaller silver bars by industry and the public and the ten and one ounce bars as investments and collectibles. The size, weight and maker should be stamped on each bar.

Silver has become more popular recently and silver bars are a good investment for the future.

However, silver bars are probably not as popular as silver coins and the small one ounce bars are really only for collectors as the mark up and shipping costs outweigh the investment value. Ten and one hundred ounce bars are better for investment purposes.

Care is still required when you buy the ten ounce bars as it is possible to buy a counterfeit bar quite easily. With counterfeit bars, holes are drilled in the side and lead is poured in. Then the holes are covered with silver and it is almost impossible to tell this has been done.

One should always purchase bars from a reputable dealer who is prepared to authenticate the bars as genuine as this is important when one comes to resell them at a later stage.

Provided you spends some time doing your research there are some great deals out there and an astute collector can build up a nice portfolio when you buy silver bars.

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