100-oz silver ingots: which silver ingots are the best?
Engelhard introduced the concept of 100-oz silver bullion bars. The inflation was soaring high in 1970. In order to hedge against inflation, investors turned to buying gold and silver. Engelhard, a apparent refining company, realized the sudden surge in demand for silver bullion, and consequently ongoing manufacturing ingots of 100-oz size. The rest of the companies followed suit. Nowadays, several refining companies and Mints produce these ingots.
Though you can find several brands of silver bullion ingots, Engelhard and Johnson Matthey still rule the market. The silver ingots by these two manufacturers are much valued by investors. Engelhard has stopped manufacturing ingots long back. Even the well-known struck bars of the Johnson Matthey are no longer in production. People interested in buying these ingots have to depend on secondary market.
If you are not able to get Engelhard or Johnson Matthey silver ingots, you can buy any other leading brand of silver bullion bars. Some of them are Wall Street Mint Bars, US Assay, Academy silver bars, Sunshine silver bars, and Ohio Metal Precious. The bars manufactured by these companies or mints are 99.99 percent pure and of the right consequence. Moreover, the name of these companies is sufficient for you to sell your bars in the market.
If you are looking to get decent returns from your silver investment, 100-oz silver bullion bars are the best for you. The main reason why people invest in 100-oz ingots, to hedge against inflation or currency, is that they are available at low markups. Other advantage of investing in 100-oz ingots is that they qualify for IRA. Initially, people could buy only Silver and Gold Eagles for IRA, but now silver bullion bars of 100 oz and 1000 oz can also be place in an IRA account. Bars are more well loved than Silver Eagle coins as the premium for the latter is very high.
If you buy silver in bulk, you can get excellent discounts. Consequently, if you can afford huge quantities of silver, you should buy them in huge lots. This will help you avoid hefty premiums and cost of shipping.
Besides, the cost and brand of ingot, the reputation of the dealer or seller is also very vital. There could be fake sellers in the market. Consequently you should be careful while buying silver bullion bars. Always try out the stamp on the bar.
Silver has given excellent returns to its investors in the past and it is expected to do so in future too. But, your time horizon of investing should be at smallest amount 2 to 3 being. In general, the commodity market remains volatile. As such the prices of silver could fluctuate widely. You should not get worried with day to day fluctuations in the prices of silver. If you hold your investments for a long period, you will get healthy returns. Precious metals like gold and silver have some inherent value, which remains forever. Even if the value of currency diminishes, the value of these silver bullion bars will always hold strong.