Buy physical silver: 15 tips in this checklist!
You want to invest part of your assets in physical silver. But it is something you probably do not do every day, that's why I help you on your way with this ultimate checklist!
Several reasons may be the cause that you want to buy physical silver. Whatever your reason, if you have never done it before, it can be difficult to start. You probably want to know what, who, where and how. What are your options and what are the differences and advantages and disadvantages in between.
With this checklist and some tips I help you go a long way, so that beforehand that you make your first purchase, you are well informed and know what to look out for. That way you can make your own well-considered choice. Mind you, because everyone has a different goal in mind when he buy silver coin online.
I will tell you in this checklist about the 2 different forms (coins & bars) of investing in physical silver. In addition, a bit of VAT is very important to know and I will explain where you can buy physical silver and how that normally works.
1. There are 2 forms in which you can invest in physical silver: coins & bars
Roughly speaking, there are two forms in which you can invest in physical silver. The silver coins and the silver bars. In addition, one could say that there is possibly a third form, in the form of tokens. Although a coin is not a currency, that distinction must be made clear. I will also pay attention to it at the end of the explanation at "coins".
At least I start with information about silver bars, then the coins will be discussed.
2. 21% VAT on silver bars!
To immediately get the most important information about silver bars at home: ON SILVER BAREN ALWAYS 21% VAT !!! This 21% of your investment you are immediately lost and you will not see again if you sell your silverable back to a buyer.
This is also the reason that many investors in physical silver abandon the silver bars. And admittedly this makes a silver barrel also much less attractive.
4. Silver bars from 1 gram to 15 kilos
Silver bars are available in different standard weights. In these standard weights you can also purchase them:
1 gram
5 grams
10 grams
20 grams
1 Ounce
50 grams
100 grams
250 grams
500 grams
1,000 grams
In addition, there are also silver bars of 100 ounces, 10 kilos and 15 kilos. But it is hardly ever encountered. The most common are those of 1 kilo, followed by 500 and 250 grams.
7. Silver coins: can actually be divided into 2 forms
Then there are the silver coins that are a widely used form to invest in physical silver. I will immediately start with the fact that we have to distinguish between silver coins that used to be used as legal tender and the so-called "bullion" coins. I explain them both below:
8. Silver coins: legal tender
In most countries worldwide, silver used to be used in coins. This meant that the coins actually had an intrinsic and directly underlying value. Namely the silver. The amount of silver also had the numismatic value of what was on the coin.
In the 1960s and 1970s many governments switched to releasing the use of real silver in coins.
So many coins from the past actually contain silver. These coins are now a good investment, because they contain a guaranteed (by the government) amount of silver. In addition, these coins are often well known in the country of origin, which makes them easily marketable.
Get more details:
https://coinbazaar.home.blog/
https://thecoinbazaar.tumblr.com/
Several reasons may be the cause that you want to buy physical silver. Whatever your reason, if you have never done it before, it can be difficult to start. You probably want to know what, who, where and how. What are your options and what are the differences and advantages and disadvantages in between.
With this checklist and some tips I help you go a long way, so that beforehand that you make your first purchase, you are well informed and know what to look out for. That way you can make your own well-considered choice. Mind you, because everyone has a different goal in mind when he buy silver coin online.
I will tell you in this checklist about the 2 different forms (coins & bars) of investing in physical silver. In addition, a bit of VAT is very important to know and I will explain where you can buy physical silver and how that normally works.
1. There are 2 forms in which you can invest in physical silver: coins & bars
Roughly speaking, there are two forms in which you can invest in physical silver. The silver coins and the silver bars. In addition, one could say that there is possibly a third form, in the form of tokens. Although a coin is not a currency, that distinction must be made clear. I will also pay attention to it at the end of the explanation at "coins".
At least I start with information about silver bars, then the coins will be discussed.
2. 21% VAT on silver bars!
To immediately get the most important information about silver bars at home: ON SILVER BAREN ALWAYS 21% VAT !!! This 21% of your investment you are immediately lost and you will not see again if you sell your silverable back to a buyer.
This is also the reason that many investors in physical silver abandon the silver bars. And admittedly this makes a silver barrel also much less attractive.
4. Silver bars from 1 gram to 15 kilos
Silver bars are available in different standard weights. In these standard weights you can also purchase them:
1 gram
5 grams
10 grams
20 grams
1 Ounce
50 grams
100 grams
250 grams
500 grams
1,000 grams
In addition, there are also silver bars of 100 ounces, 10 kilos and 15 kilos. But it is hardly ever encountered. The most common are those of 1 kilo, followed by 500 and 250 grams.
7. Silver coins: can actually be divided into 2 forms
Then there are the silver coins that are a widely used form to invest in physical silver. I will immediately start with the fact that we have to distinguish between silver coins that used to be used as legal tender and the so-called "bullion" coins. I explain them both below:
8. Silver coins: legal tender
In most countries worldwide, silver used to be used in coins. This meant that the coins actually had an intrinsic and directly underlying value. Namely the silver. The amount of silver also had the numismatic value of what was on the coin.
In the 1960s and 1970s many governments switched to releasing the use of real silver in coins.
So many coins from the past actually contain silver. These coins are now a good investment, because they contain a guaranteed (by the government) amount of silver. In addition, these coins are often well known in the country of origin, which makes them easily marketable.
Get more details:
https://coinbazaar.home.blog/
https://thecoinbazaar.tumblr.com/