10 oz Silver Bar
Goes Well With: 1 ounce rounds, Kilo Bars, 50 ounce silver bars, 100 ounce silver bars.
The 10 ounce silver bar offers silver hoarders a practical means of owning low-premium silver. As a privately minted product, 10 ounce bars do not come with the higher premium associated with nationally minted 1 ounce coins, and, furthermore, they also get a little bit of credit as “bulk” purchases over 1 ounce rounds. And so, for that reason, at the time of this writing, one can procure a 10 ounce bar for less than $1 over spot at outfits such as Liberty Coin & Precious Metals.
10 ounce bar come in varieties dating back to the 1970s and on into the run-up to the $50 an ounce of 1980. While some come in plastic bags, these plastic bags oft rip or tear. There are surely plenty of 10 ounce bar types, and many dealers offer brand new ones from mints such as Golden State, Silvertown and NTR. The plastic wraps these come in make storage and packing difficult, so I wouldn’t worry too much about the petroleum.
Instead, getting your hands on new silver bars is a bonus, but do keep in mind that there is nothing wrong with tarnished silver bars that were made decades ago, perhaps even when silver was basically dirt cheap. I hope it is not true, but in our deceitful world as it is, it very well could be that the price of silver correlates to the purity of silver products. Theoretically, if there were truth to the deceit, then those bars minted during periods of cheap silver, like $4.00 for example, are less likely to be misrepresented by the “.999 Fine Silver” That’s why I prefer 1990 Silver American Eagles to their 2012 brothers.
But, the point is, silver bars stack nicely. I consider them bulk silver simply because I also believe that all of us should store our wealth in more places than just silver, such as platinum, gold, palladium, copper and food and water. Personally, I own fewer 10 ounce bars and mostly rounds and junk silver or platinum and gold, but to each his-or-her own.