Most of the time, investors choose gold. Still, capabilities are likely to be much more appealing if one takes the time to learn about silver's qualities and its solidity amid market volatility. Whether a first-time or experienced buyer, it is beneficial to know why to buy this precious metal, especially in the form of a 100 oz silver bar, because they are substantial in weight and cost-effective. Though there are various weight categories when you buy silver bars, 100 oz silver bars offer value and manageable storage and transport options.
Read on to learn more about the manufacturing process and the benefits of 100 oz silver bars.
Benefits of 100 oz Silver Bars
Actually,
100 oz silver bars are reasonably priced, which is why these bars are perfect for investors. These bars are usually less costly, and one can buy them as desired without being forced to buy expensive varieties.
The flexibility of resale is another advantage of the 100 oz silver bars. Thus, the bars are verified and contain confirmed weight and content of the metal, thereby giving the buyers confidence and ease in reselling the bars.
Thus, each 100 oz Silver Bar has 100 oz of .999 fine silver.
Advantages include:
- Trusted Refineries: Perth Mint, Royal Canadian Mint (RCM), Engelhard, Asahi, Johnson Matthey, PAMP, Heraeus, Argor-Heraeus, Metalor, Mitsui, Umicore, Valcambi.
- Competitive Pricing: Benefit from competitive prices and premiums.
- Liquidity: Portable and internationally liquid form of financial insurance.
- High Purity: A high purity of .999 fine silver in 100 oz silver bars comes with their intrinsic value and trust of investments.
- Ease of Liquidity: These bars contain substantial amount of finest silver which you can sell at comepetitive prices due to their demand as an investment and in industries. Monitoring the spot price of silver is crucial to maximizing returns when selling.
- Market Price Appreciation: In the market turbulence like situations, precious metals like silver has a hostortical trend of price appreciation. Hence, if investors buy and hold silver in such 100 oz bars, then they may get significant returns.
That is why 100 oz silver bars can be considered a versatile and popular form of investment.
To make them versatile, their purity, weight, and authenticity play a major role. So, how silver bars are made for above such associated benefits, let’s explore.
How are Silver Bars Made?
Understanding the silver bar manufacturing process may help investors appreciate its craftsmanship and value in the long go.
Silver bars are produced in three primary ways:
- Minted Bars: These are made from large blocks/bricks of silver that have been cut and rolled before being pressed and stamped to give them a polished surface. Minted bars are relatively costlier compared to other bars because of the intricate engravings and high premiums.
- Cast Bars: Metal is poured into molds, solidified, and marked with stamps known as assay marks. These bars look almost old school.
- Extruded Bars: It is passed through a rectangular aperture and heated to make it assume a standard length, which is trimmed and stamped at the required dimensions.
When purchasing a 100 oz silver bar, it is advisable to look for silver bars manufactured by those refiners listed in the LBMA Good Delivery List. These refiners have high standards, which means they monopolize quality and people's trust in the market.
Storage of 100 oz Silver Bars
For new silver investors, homeownership is standard. Having silver at your fingertips is convenient and simple. For holdings of 500 ounces or less, home storage may make sense, but for larger amounts, other options are-
Safe Storage
Family safety at home is preferred by many investors. Safes come in six main categories: These include Gun Safes, Jewelry Safes, Burglar Safes, Floor Safes, Wall Safes, and Fire Safes. They are priced between $1000 to $10000 depending on size and the extent of security afforded. The security of a safe primarily depends on how robustly it has been anchored into the concrete floor. It is advised that the safes are large, heavy, and professionally anchored.
Innovative Storage Solutions
Looters are more drawn to the master bedroom, and they also prefer working in scenes where they make fast entries and exits. For this reason, a 100 oz silver bar should be stored in areas that are not immediately visible, for instance, the kitchen, dining room, or library.
- Home Security System: An effective form of prevention is a home security system that can alert law enforcement agencies. Make sure the burglars are aware of your alarm system, as this will help deter them.
- Hidden in Plain Sight: If a safe is unavailable, one can conveniently hide the silver bars or hide them in plain view. Think about furniture such as those that have hidden drawers or other concealed spaces.
- Bookshelf or Trophy Shelf: These are less likely to draw the attention of a burglar in the house or any other person who has an intent.
Inferior Storage Solutions
It is not advised to store silver in garages or another building since this is unsafe. Other poor choices include:
- Dresser underwear drawer
- Bedside drawer
- Ammo can
- Freezer
- Buried in the ground
Professional Storage
Due to the risks involved and issues of insurance, professional storage at the bank or private depository should be considered for large holdings. High-security facilities are particularly designed for the protection of precious metals and offer security and assurance. For more information on silver storage solutions and investing in a 100 oz silver bar, consider consulting a professional.
Conclusion
Investing in 100 oz silver bars offers numerous benefits. These are not only cost-effective but also come with resale flexibility and security. These bars are produced by reputable refiners. Therefore, there's no doubt about quality and trust. Their size and purity make them a practical choice for both new and seasoned investors. Purchase your 100 oz silver bar online today from BOLD Precious Metals and enjoy competitive pricing and insured delivery across the U.S.
By Chris Bates
