Ask the Gold and Silver Chick! Do I Buy Silver Coins or Silver Bars? - Gainesville Coins News
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Ask the Gold and Silver Chick! Do I Buy Silver Coins or Silver Bars?

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Ask the Gold and Silver Chick! Do I Buy Silver Coins or Silver Bars?

A new week means a new Gainesville Coins question! Here it is...

"Is it better to invest in silver coin or silver bars?"

Let's discuss!

If you have a large amount of dollars that you are wanting to put into silver then you might want to consider the bulk bullion to cut down on storage. Silver will use more storage room than gold. You should also be aware that as silver gets more popular, 100 oz silver bars will start being counterfeited (they are usually made of lead), so always buy from a reputable dealer like Gainesville Coins.com!

If you have a smaller amount of dollars you are looking to move into gold and silver, I would recommend 1 oz coins: these will be easier to move and to barter. I would also recommend a 40%/60% ratio… 40% gold/ 60% silver. It all depends on the dollar amount… so just assuming that you are not looking to buy a huge amount of silver, I would definitely lean towards buying the 1 oz coins.  We also now have 5 oz coins, which would make for a comfortable increase.  Hope that answers your question!

-The Gold and Silver Chick

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