How to Buy Silver
To achieve a diversified portfolio, financial advisors typically recommend investing in assets from four key classes: cash, securities, real estate and tangible assets. Determining which tangible assets to invest in, however, can be overwhelming and buying silver bullion has proven to be a popular option. Monex account representatives are eager to discuss the potential benefits of silver investments and how to buy silver bullion today.
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How to Buy Silver Bullion Bars
When buying silver bullion bars, investors may choose from a variety of sizes. The industry standard is a 1,000 troy ounce, pure .999 fine silver bar, often called the “good delivery” or industrial bar. Silver bullion is also available in 100 ounce, ten ounce and one ounce bars. Many investors actually prefer the 100 ounce bar, as it is easier to store, stack, handle and transport.
Alternatively, investors have the option to buy silver coins. Coins are easy to hold, divide and trade. All silver bullion coins are issued by government mints, meaning they are legal tender in the country in which they are produced, and thus, the coins' metal content and purity are guaranteed. Most silver bullion coins are one troy ounce of .999 fine silver bullion, ensuring quality and consistency.
Where to Buy Silver
When buying silver bullion in any form, investors should be sure that they are 100% comfortable with the transaction, not only from a price perspective, but also with the terms of the sale. By purchasing from a legitimate dealer, investors can ensure a total delivered price that includes commissions, delivery charges, and other possible fees. Legitimate dealers will also be able to provide prompt physical delivery of the silver to the buyer. Additionally, investors should expect to pay an assay fee when selling or buying silver bullion through a dealer to ensure the purity and authenticity of the asset. These assay checks determine the legitimacy of the metal, assuring the safety of both parties.
Call a Monex Account Representative at 800-444-8317 to discuss how to buy silver today. Our Account Representatives are well-versed in the intricacies of silver investing, and are eager to help investors navigate the process of buying silver bullion.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.