Owning silver is one of the most effective ways to diversify any precious metal portfolio, or investment portfolio in general. Silver Bars are the bullion choice for many investors. Silver Bars are produced in a variety of sizes to fit any budget. They are popular because of the diverse designs and sizes, and their affordability as compared to gold bars, which are significantly more expensive. 100 oz. Silver Bars are ideal for investors that are ready to add a more sizable silver investment to their precious metal portfolio, as opposed to silver coins. The 100 oz. silver bar is a standard in the silver industry, typically used for storage, industrial usage, or trading. Mints recognized for their 100 oz. silver bars include the Royal Canadian Mint (RMC), Engelhard, and Johnson Matthey.
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100 oz. RCM Silver Bars
The Royal Canadian Mint is world renowned for its .9999 pure silver (99.99% pure silver) and is one of the few mints in the world to produce such high silver purity. The front of the bar is stamped with ".9999" to denote its silver purity. The front is also stamped with "100 tr. oz." as well as the Royal Canadian mintmark. These 100 oz. silver bars are also inscribed with date and serial number, giving each bar a unique authenticity. These silver bars measure approximately 7.2" x 3.2" x 0.8". Each 100 troy oz. RMC Silver Bar is backed and guaranteed by the Canadian Government. Royal Canadian Bars are IRA eligible.
100 oz. Generic Silver Bars
The 100 oz. Generic Silver Bars have been manufactured by various mints and refiners over the past several decades. 100 oz. Generic Silver Bars still circulate in the secondary silver market. Generic Silver Bars are found in a variety of styles, with most of them having minimal design appeal, often simply displaying the bar’s silver fineness and 100 oz. silver content. Some generic silver bars display artwork on the front of the bar, and some have a more elaborate design on the back. Generic Silver Bars have some of the lowest premiums on the market. Generic Silver Bars come in various dimensions.
Silver 100 oz. IRA-RSP Acceptable Brands
Silver bars may also be held in a Self-Directed IRA account, allowing investors to take advantage of the investment potential while receiving the tax benefits of an IRA. 100 oz. Silver Bars must be 99.9% pure silver (.999) to be IRA-RSP acceptable. The Royal Canadian Mint and Republic Metals Corporation (RMC) 100 troy ounce silver bars are both IRA-RSP acceptable brands. These silver bars contain 100 troy ounces of .999+ fine silver. The weight and purity of these silver bars are backed and guaranteed by the RMC and RCM, respectively.
100 oz. Engelhard Silver Bars
Engelhard Silver Bars have not been in production terribly long, really just since the late 1980s. However, their history of desirability in the marketplace over the past few decades has gained this silver bar brand worldwide recognition. Engelhard Corporation was established in the early twentieth century and rapidly grew into one of the world’s largest refineries, until it was bought by BASF in 2006. All 100 troy oz. Engelhard Silver Bars are .999 fine silver. The front of these 100 oz. silver bars are stamped with the "ENGELHARD" name, "999 Fine Silver," and "100 TR. OZ." These silver bars have a standardized width and flat shape for easy storage. These silver bars are also IRA approved.
Silver Bars 100 oz. Johnson Matthey
The Johnson Matthey mint is recognized for its craftsmanship, indicative of the Johnson Matthey prestige. Johnson Matthey first began precious metals production back in the 1850s. The front of these silver bars are stamped with the Johnson Matthey logo as well as its ".999" silver purity. Throughout the years, Johnson Matthey (JM) has produced different variations of these bars. Some contain a serial, number while others don't. Johnson Matthey 100 oz. Silver Bars have similar dimensions to other silver bars of this size, making them easy to stack and store.
Silver Bar Advantages
Investing in silver bars has proven to be one of the most effective ways to hedge against inflation and diversify your portfolio. There are many reasons to purchase silver bars, including their low premiums, bulk discounts, and affordability compared to other precious metals such as gold or platinum. Silver bars have a uniform shape and size, making it easy to store and transfer. Silver bars move independently from cash and stocks, making them versatile and liquid. Silver is experiencing a drastic 20 year decline in mine recovery and secondary recovery, but the demand for silver continues to be in high for industrial applications, as well investment purposes. Thus, silver is, according to many experts, a more lucrative buy than gold.
Silver bars are collectible and make wonderful gifts, heirlooms, or keepsakes, in addition to investments.
Purchasing 100 oz. Silver Bars
There are a few factors to consider when deciding which 100 oz. silver bars to buy. Price is obviously a significant factor. For those interested in simply obtaining a large quantity of silver at the lowest possible cost, a generic or a secondary silver market 100 oz. bar may be ideal. For those looking to buy a new silver bar but don't care about the brand, any mint bar listed above would be ideal. Finally, for those looking to purchase a brand specific 100 oz. silver bar, be sure of the specific brand prior to purchase. In some cases, these bars will have higher premiums, based on the brand’s reputation and demand.
Purchasing silver bars from ITM Trading also has a number of advantages. All of our silver bars are guaranteed authentic and true. We offer free shipping and insurance on all silver bar purchases. In some cases, discounts are available when you purchase multiple silver bars in the same transaction. Further discounts may also be available when you use a check, wire, or bank account transfer, as opposed to a credit card, as your method of payment.