10 oz silver bars are a means of storing wealth used by governments, corporations and individuals alike. They are simply rectangular metal bars containing 10 troy ounces of silver. A number of private firms produce silver 10 oz bars, which are typically 99.9% pure silver. Their shape lends itself to stacking, making for easy storage and transport.
People have viewed silver as intrinsically valuable for centuries and have long used it as a medium of exchange. Some of the earliest coins were made of silver. This rich history has helped propel silver into the forefront of today's commodity markets.
Buying Silver Bars
Silver bars are widely seen as a safe haven for preserving your wealth during periods of economic uncertainty. To combat the recent financial crisis and the mounting national debt, the Federal Reserve has adopted an unconventional monetary policy known as “quantitative easement,” or a prolonged injection of cash into the equity markets. The inescapable result of this influx of paper money is a rise in inflation. As more dollar bills are printed, each note becomes worth less and less in real terms. Physical silver investment offers a tangible alternative to the declining value of the dollar.
The real value of any non-tangible asset can drop rapidly due to negative trends in the equity markets. This is especially true amid concerns of hyperinflation and bank defaults which constantly threaten the strength of the dollar. History has proven that owning physical silver provides a hedge against the adverse effects of runaway inflation and a weak dollar. This is why many choose to buy 10 oz silver bars as a low-cost tangible asset in order to balance and diversify their financial portfolio.
Silver bars are traded extensively on the world exchange markets; 10 oz silver bars are among the most widely traded sizes. Ten ounce silver bars also provide greater flexibility when it comes time to buy or sell your investment, compared to 100 oz silver bars.
In addition, there is no numismatic value associated with silver bars. This means you avoid paying an expensive premium over the spot price (or market price) of silver when you buy 10 oz silver bars. The low premium over spot associated with silver bars allows you to affordably accumulate a significant amount of silver at a cost close to its melt value.