Buying Silver Bars Reddit

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Buying silver bars reddit.

Links to auction style listings such as an ebay auction are prohibited. 5 1 oz coins whatever is cheapest in the geolocation you are living or 20 gram gold bars. Silver bars come in many different shapes and sizes and can be pressed or poured. Big online dealers have their promotions jmb and bold pm but thats a one and done.

Since you presented your budget in my mind your best way to get it is in the following form. There was a post a month or two ago explaning the best way to buy gold. You can buy silver bars online which are typically 999 or 9999 fine. I haven t even received them yet.

A classic gold award requires 500 coins and gives the recipient a week of reddit premium membership and 100 coins. However there is also value in buying larger silver bars such as 25 oz 50 oz 100 oz and even 400 oz bars. The most common gold coin size remains one troy ounce 1 oz while the international exchange standard gold bar is no longer the old 400 oz gold bar central bank standard but the lbma approved 1 kilo gold bar exchanged on the shanghai gold exchange the world. Keeping silver within the community is encouraged.

Silver bars can be minted from private silver mints such as the highly recognized republic metals corporation to government mints like the royal canadian mint rcm of canada. Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively. Investing in silver is gaining popularity and buying silver coins is not the only option for those looking to make an investment in silver. However buy it now style listings on auction sites from reputable retailers are allowed at the discretion of moderators.

Buying a singular 400 oz bar can be more affordable for a bulk purchase than buying 400 individual 1 troy oz bars because of the premium per ounce of. Generally speaking the premium for silver goes down as the size of the bar goes up. I am pretty positive that pmsforsale is the place to look that most often has silver at spot. Rest get some 5 gram gold bars going.

In addition to the reddit rules we have the following rules. Also you can find gold for a small premium over spot there. Buying silver bullion is typically most affordable when you buy silver bullion bars the most popular silver bars for sale are 1 oz 10 oz and 100 oz sizes. 1 100gram gold bar.

A silver award requires 100 coins which simply marks a post or comment with a silver award icon. One of my first transactions was for some bars of silver and gold from apmex. In terms of gold coin vs. The price of a bar of silver also depends on the silver spot price at the time of purchase.

After a little research i realized i really don t know the risk of coming across a counterfeit and even if i did i don t know how to spot it. Sorry if i come across as uninformed i just got into buying metals recently.