For serious investors, avid collectors, or novice hobbyist collectors, silver bullion is one of the most popular metal to invest in and use for trade. Since silver has a much lower entry point as far as cost compared to other precious metals like gold, platinum, or palladium, it’s easier and “safer” for investors that are new to metals to feel comfortable getting into the game. As you can imagine, you can get substantially more weight of silver bullion than the other metals so it physically feels like you are getting more which is satisfying to some collectors.
As the understanding of the value in metals becomes clearer, investors and collectors often trade up using their silver bullion or invest in even more valuable precious metals and keep their silver as well. The monetary value of silver bullion has become quite bullish on the market which is another reason it has become so popular in most recent years. Its been great for people just getting into silver bullion as well as very beneficial for people already invested in the metal.
For more information on silver bullion to both buy or sell for your collection or for a client’s, feel free to contact Fox Valley Coins today at 630.305.0100 or fill out the simple form on this page and one of our staff members will get back to you shortly.
Why is Silver Bullion Gaining Value?
In the last 40 years, the above-ground stockpiles of silver bullion have diminished by an estimated 75%. Starting at around 4 billion ounces in 1980 to only around the 1 billion ounces available now. The consumption of silver bullion for industrial use and private collections has exceeded the supply driving the value up considerably.
As our consumption rate is already over 1 million ounces of silver bullion per year, the supply from mining simply can’t keep up so the value will continue to climb. It’s estimated that in as little as one generation from now, all the extractable silver will be mined and then that’s it. The supply will be set and can only diminish based on industrial consumption and investor stockpiles.
The supply can only go down and right now is the perfect time to get a large quantity at a reasonable price before the market catches on and the price skyrockets. There is a lot of opportunities right now for hobbyists and professional investors to capitalize on the soon to be scarcity of silver bullion.
Getting Started Collecting Silver Bullion
To get started, you need to purchase from a reputable dealer, such as Fox Valley Coins in Naperville. It’s a very straight forward decision of brand also referred to as the mint and then weight. You can get started in silver bullion in grams, ounces, and kilos. The heavier the single bar you get, the more you could save per ounce or gram, in most cases. Most places also have bulk rates for buying multiple silver bullion bars. After about 10 bars of silver bullion, you could start receiving a discounted bulk rate per bar.
Come on in or give us a call. We are happy to discuss what your investment goals are and if we don’t have exactly what you are looking for, we specialize in procurement to get you what you want. We welcome any questions and any level of collector or investor; we have something for everyone.
Give us a call at 630.305.0100, fill out the form and we can reach out to you, or stop by and check out our store. We look forward to working with you on your precious metal collection.
What Fox Valley Coins Buys and Sells
Silver products & Coins
Platinum & Palladium
Single Coins to Vast Hoards