Silver Bullion Bars
Fineness: .999 pure
Weight: 100 troy ounces
Minted by various private refiners including Johnson Matthey,
Engelhard, Royal Canadian Mint and others
One-hundred ounce silver bars are the most commonly traded silver bullion item. As with any precious metals bar, it is important to purchase exchange-approved brands as they enjoy the broadest liquidity. In fact, only exchange-approved bars are eligible for retirement plans including Individual Retirement Accounts. One hundred ounce bars are also manufactured by non-Comex approved refiners, but these are recommended only under special circumstances. Most investors avoid owning the one thousand ounce bars due to liquidity, shipping and storage problems. Ten ounce bars are not manufactured regularly by exchange-approved refiners and are usually not as popular as the one-ounce coins for those interested in smaller sized units.
Before buying silver bars, we advise speaking with one of our representatives to learn more about this tricky area of the market. Generally speaking, we recommend the purchase of silver bars only when the bars are stored at a depository and never leave the storage account, as is the case with most retirement plan purchases. We do not gaurantee repurchase when a client takes delivery of the bars and then wishes to ship and liquidate.
A Quick Note on Silver Prices:
The current ratio of gold to silver of roughly 80:1 is within throwing distance of most undervalued condition in the market's history. Even a return to the historic average of 62:1 would have remarkable implications for the silver price. In fact, widely read technical analyst Clive Maund called the current silver market ‘The most bullish set up for silver that I have ever seen.”
Bond king Jeffrey Gundlach recently said he wouldn’t put it past gold to rise $1000 per ounce in the near future. BOA/Merril Lynch recently predicted a rise to $1450 or higher by year’s end. Many others have predicted rises anywhere from $1500-$1900 per ounce. Using a mid-point of these predictions of $1600 gold:
Here’s what silver would do if:
The ratio improved to is historical average of 62:1
Gold $1600 divided by 62 = spot silver price of $25.80
(That’s a 50+% increase from current prices)
The ratio improved to it’s bull market level average (2010-2012) of 50:1
Gold $1600 divided by 50 = spot silver price of $32
(That’s basically a clean double from current prices)
And last, the ratio improved to its bull market peak of 34:1 (May 2011)
Gold $1600 divided by 34 = spot silver of $47
(That’s roughly triple current prices)
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