In this post, I want to talk about 3 reasons why I think 10 oz silver bars (read about why to buy silver here) are a terrific product to consider buying.
(1) Price point. Typically, you can get a 10oz bar for anywhere from about $200-$300. And to me I think that’s a good price for most people, you’re not spending so much that you got to save for months and do things like get a signature guarantee with your delivery, but it’s not so cheap where you’re going to have to pay for shipping (Note: most bullion dealers offer free shipping when you spend $200 or more). Now the price of 10 oz bars can fluctuate, and it will depend on a number of things like brand, dealer’s inventory and current silver demand.
(2) The second reason that I like 10oz bars is the weight and size. Now, this may sound a bit finicky, but to me 10oz is the perfect size. It fits in the palm of your hand, not too heavy and you’ve got nice visual appeal. I own several 100oz bars and well, they are a bit heavy, and I feel like if I drop it on my foot, I’m going to break it. Of course, I def don’t have buyer’s remorse getting them, but transporting can be somewhat annoying.
(3) The third reason that I like the 10oz bars are that the premiums are more reasonable than with coins. I’ve found on average they are about 5 percent less than if I were buying 1 oz coins. Thiis does fluctuate with demand and product supply, especially right now as premiums on silver coins have come down quite a bit. I’ll also add here that I think the 10 oz product I think is easier to liquidate than many products, not as easy as 1oz coins but easier than something like a kilo or 100 oz bars.
10oz bars are a silver product that really checks a lot of boxes in my opinion. I only own a few but surely, I’ll be looking to get more in the future.
