10 Reasons to Buy Silver Bar as an Investment
Is it an excellent investment to buy a silver bar? It’s natural for investors to wonder if a particular metal asset is a good investment or not, and it is especially true for silver. The one primary reason for the same is that silver has a small market and doesn’t carry the same sobriety as gold. However, it doesn’t mean that the silver is not the right choice for the investment. In this article, we will give you ten reasons to buy a silver bar. So, without any further delay, let’s get started.
1.Easy to Purchase
Silver is affordable for anyone looking for ideal precious metal for long term investment. You can buy silver bars in large quantity for the same price gold is available in 5gms. Furthermore, silver bars are readily available; you will see a lot of dealers in your surrounding selling silver bars. At RPS Gold, we sell a wide range of silver bars and coins at the best price.
2.Silver Outperforms Gold
A lot of people don’t know, but silver outperforms gold. When people start buying silver, its price begins to rise at a faster rate as compared to gold. It happens because silver has a smaller market. If we take a look at previous records, we observe silver always takes a better jump in pricing than gold.
3.Ratio of Gold-Silver
If we compare the ratio of gold-silver, we find a silver bar is many times cheaper than gold. For example, one can buy 465gms of silver for the price of 31.10gms of gold. The ratio is about 80:1. It simply means one can buy 80 ounces of silver for the price of 1 ounce of gold. It gives people the flexibility to purchase silver and later trade it for gold.
4.Silver is a Good Gifting Option
Since you can buy a silver bar at a much lower price in comparison to gold, you can easily buy it for gifting.
5.Demand of silver
Silver bars are not only a good investment but have a lot of industrial use. Silver is used in the production of almost every electronic devices like smartphones or tablets. A lot of people don’t know, but silver is used as a cathode in batteries.
As silver is an underrated asset, you should buy a silver bar before it is too late. Don’t forget, the demand for silver affects the supply since the rate at which mining used to happen once has dropped significantly.
Silver jewellery is made out of 925 sterling silver, that is only 92.5% pure as compared to silver bars. When you buy silver bars, you get an assurance of the purity and genuineness of the metal content.
While silver is not used as currency, it is considered as real money. Don’t forget that silver always holds more value than fiat currency, which might break down at any point under political pressure.
9.Sell it Anytime
The best thing about a silver bar is that you can sell it anytime. You can find various dealers who can buy silver bars from you at a competitive price.
Another major benefit of buying a silver bar is that it can be traded anywhere in the world. At RPS Gold, we buy and sell silver bars at the best price. For more information, you can visit our website or call us at +44(0) 20 8574 2450.