When should you Invest in Silver Bullion?

We buy and sell silver in its many forms. Top Prices Paid when you sell. And we won’t be undersold when you buy!

When should you buy silver bullion? When you have $1,500 or more that you do not need for your everyday bills. In California, a $1,500 purchase of bullion or numismatic investments is non-sales-taxable. You’ll never get the sales tax back when you sell, so why

What is silver bullion?

Silver bullion refers to physical silver that is in the form of bars, coins, or rounds and is typically purchased as a store of value or investment. Unlike silver jewelry, which may have additional value due to its aesthetic qualities, silver bullion is valued solely for its metal content.

Silver has been used as a form of currency and store of value for thousands of years. Its durability, scarcity, and desirability have made it a popular choice among investors who seek to diversify their portfolios with tangible assets. In recent years, the demand for silver bullion has increased, and it is now considered to be one of the most popular precious metals for investment purposes.

One of the main advantages of silver bullion is that it can be easily bought and sold. Many reputable dealers offer silver bullion for sale, and it is widely traded in financial markets. This makes it a highly liquid investment that can be converted into cash relatively quickly and easily.

Silver is a “safe haven” asset

Buying silver bullion is also a popular choice for investors who are looking to hedge against inflation or economic instability. Because silver is a tangible asset that has intrinsic value, it is less susceptible to the fluctuations of financial markets than other investments like stocks or bonds. This makes it a popular choice for investors who are looking to protect their wealth from economic uncertainty.

Pay attention to the purity and weight of the metal when purchasing silver bullion. Silver sold in troy ounces, which are slightly larger than standard ounces. The purity of the silver can also vary, with most bullion being 99.9% pure or higher. Some coins or rounds may have added collectible value, which can impact their price beyond their intrinsic metal value.

Not to get your eyes to roll, but a troy ounce has 31.1035 grams whereas the avoirdupois ounce weighs 28.3495 grams. When we think of weighing our food, or ourselves, we use the avoirdupois system of measurement. Bullion is weighed in troy ounces industry wide.

Also consider when purchasing silver bullion is storage. Because silver bullion is a physical asset, it needs to be stored in a secure location. Many investors choose to store their silver bullion in a safe or a safety deposit box. Others may choose to store their bullion in a third-party storage facility.