You’ve decided to invest in 10 oz silver bars – good for you! These silver bars are a great investment for several reasons:
They can be easily stored in a safety deposit box a safe at home because of their lovely flat, uniform size.
They are still very affordable, even with silver trading around $30 an oz these days.
Best of all, they are super handy for emergency bartering purposes.
When shopping for silver bars, you’ll have the choice of buying either a name brand such as Engelhard or unknown generic brand. Which one should you choose?
As I mentioned previously, a name-brand silver bullion bar is one that is produced by well-known, established companies such as Johnson-Matthey or Engelhard. These are the top-tier manufacturers followed by 2nd tier producers such as Silvertowne, Sunshine Minting, and the Wall Street Mint.
On the other hand, a generic bar is one that is produced by a company that is not very well-known or no longer in business.
Certainly, there are advantages to buying both. Let’s take a look, first, at the reasons why someone might choose to invest in name-brand silver bullion bars.
Although you can expect to pay more for a bar from one of the top-tier producers, typically they will command a higher selling premium than the lesser or unknown brands. In simple terms, when you approach your local coin dealer to sell an Engelhard Silver Bar, you can expect to be offered more money then had you been selling a generic variety.
So if you are investing in these 10 oz silver bars for profit and wealth-building reasons, I would suggest you stick with one of the name brands.
Now let’s take a look at why someone might choose to invest in a generic silver bullion bar.
The biggest advantage these bars have over their name-brand counterparts is price. Typically, you can buy these bars starting around $.69 over spot, at the current time, compared with up to $2.00 over spot for a Johnson-Matthey silver bar.
If you’re simply investing in silver in order to preserve the purchasing power of your money or for emergency bartering purposes, go with a generic bar.
Just remember no matter what 10 oz silver bar you choose, silver has been looked at as a store of value and form of money for over 4000 years. Compare that with the history of paper money!