Your Questions about Bullion, Answered!
The concept of bullion is simple. We have all seen stacks of big Gold bars in cartoons and pirate movies our whole lives. “Bullion” refers to Precious Metals in bulk form, valued by weight. In popular culture, we envision Gold or Silver bullion in bars or ingots but the forms Silver or Gold bullion might actually take are more nuanced than that.
Types of Silver Bullion
For a new collector looking to buy Silver bullion, there are several tempting options. So-called “junk” coins — older U.S. coins minted with a Silver content of 90% — are a viable form of Silver bullion. They are still attractive, they just have no numismatic, or collectible, value beyond their Silver content. Hence, these become Silver bullion coins.
The next step up in Silver bullion, in both price and size, is Silver in the form of bullion coins or small bars. It is easy to buy Silver bullion coins, such as the wildly popular American Silver Eagle, or similar Silver rounds, which are manufactured privately. Rounds differ from coins in that they are not legal tender and generally command a smaller premium than a sovereign coin. Another attractive form of bullion is the small Silver ingot. As long as you deal with a reputable company, these are readily available and are often fun to shop for as you can select from many designs and styles.
A more advanced or financially liquid Silver investor looking to buy Silver bullion may select a form of Silver more typically thought of as bullion: larger-format Silver bars. Weighty and beautiful, stereotypical bars of bullion make a gorgeous display to serious investors and collectors. For an investment of this size, it is key to follow Silver bullion prices and time your purchase accordingly. Small fluctuations in Silver bullion prices will add up quickly when you are considering buying 100 oz or more at a time.
Types of Gold Bullion
Unlike Silver, there is no such thing as “junk” Gold coins. Other than that, information about buying Silver bullion will also serve you well when you wish to invest in Gold bullion. However, there is of course a major difference in price point between Silver bullion and Gold bullion. Buying Gold bullion is a larger financial undertaking which rightly demands greater consideration. That said, there are many ways to get started as a Gold bullion investor even with a modest budget. First, if you carefully follow Gold bullion prices you can maximize your buying power. While Gold has a strong upward trend over the long term, you can take advantage of momentary dips to get the best value for your money. Secondly, you might consider buying Gold bullion in smaller amounts. For example, a 1/10 oz Gold bullion round is an affordable entry point into purchasing Gold bullion without making a large financial commitment.
Other Precious Metals Bullion
Platinum and Palladium bullion is now generally available, which is a relatively recent development in the Precious Metals market. We recommend branching into these valuable and beautiful metals when the time is right for you. Both Platinum and Palladium enjoy great demand across several industries and have a completely different supply and demand dynamic than Gold or Silver.
When you are ready to buy Precious Metals bullion, it is imperative to complete due diligence. Anyone, anywhere, can list Precious Metal bullion for sale. To protect yourself, work only with a reputable company. Gold and Silver bullion for sale sadly turns up the occasional counterfeit item. Work smart by only purchasing bullion from reputable and well-known Precious Metals dealers.
Precious Metal bullion can make an excellent addition to your investment portfolio or collection and with a good understanding of the forms of Gold and Silver bullion, you can make the selection that is right for your goals.