Thursday, April 20, 2006

100 Ounce Silver Bars

With the rocketing price of silver, 100 ounce silver bars are becoming more popular with investors as well as collectors.

Silver investors know that the cheapest and most efficient way of accumulating silver is in the form of 100 ounce silver bars. However there are a few pointers it is important to keep in mind when collecting 100 ounce silver bars.

Firstly ensure that you buy your silver bars from an established dealer in silver or even the refinery itself. Johnson Matthey is one such refinery. Established since 1817, the hallmark of Johnson Matthey is known world wide. And as a result of this, it is imminently possible to liquidize or ‘cash in’ a Johnson Matthey silver bar almost anywhere in the world.

If possible, one should take personal delivery of your silver bar. Also store it in a safe place. It is a good idea to keep your affairs in this regard private and not tell your friends and acquaintances you have a 100 ounce silver bar. Some companies offer to store your silver and gold bars but this should be avoided as a general rule. Instances of companies ‘removing’ the bars have been known and in the event any government wishes to ‘call in’ any metal such as silver or gold, these storage houses are the first to be visited by the government.

With 100 ounce silver bars, the amount you pay over ‘spot’ (spot is the actual value of the metal on the exchanges and markets) is much less than for a coin or a small one or half ounce or even ten ounce bar. This makes it much more worth while to accumulate as your silver is worth more much quicker when the value of the silver rises as it is doing now.

Buying a small one or even ten ounce bar would include a heavier mark up which must be accounted for and covered before you make a profit as it were.

Accumulating 100 ounce silver bars is an excellent investment and a good way of providing for your future if you do your due diligence and be aware of the points above.

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