Bullion is a form of precious metals and it can be in ingots or bars. This term is mostly used for trading it comes from a French word which means boiling. There are also Bullion coins which are only meant for investing or trading and they don’t have marks like everyday coins, you can usually see the weight and the finesses on the coin. They are much heavier than common coins.
There were many big investors in silver like Warren Buffet that bought 130 million ounces. That legendary purchase was a great investment, but many speculate that its an inflation hedge. Few shops in your area are selling larger portions of silver, but you can easily find them online and check the silver Bullion prices. The price is determined by the weight and it can vary from country to country.
For the Worst-Case Scenario
Investors that buy gold and silver for survival plans fear the worst. These fears involve that the Federal Reserve prints too many dollars that it will become worthless which can happen to all paper currencies. The financial meltdown is the second fear that can close the banks that already happened in Paraguay and Argentina in 2002.
Paraguayans and Argentineans that invested in silver and gold were saved because you can always trade them for any currency. The tragic of banks didn’t stop because when they opened they didn’t have enough money for everyone to withdraw. When you have a larger company this situation can break it easily, so such investments are like a guarantee nothing will happen.
Bartering With Coins
When you are in a bad financial situation but have some gold and silver coins, you can’t easily convince someone that your coins have the weight you are talking about. This is a problem with traditional coins that have the marks of how much they are worth, for example, a quarter or a dollar. This is why having Bullion coins are better, no one will argue about their worth. Also, it is always better to have coins from the country you live in. For the US, most recognizable is the silver or gold Eagle.
They come in different sizes from one to one-tenth of an ounce. Gold Eagle is important because it is a basic bullion coin which you can sell at little mark-ups. It is cheaper than other gold coins, and the same goes for silver Eagle. Everyone wouldn’t like for that day to come when you have to trade, but in the future, we can expect digital money. Read more on this page.
Gold or Silver Bullion
When you have a budget for investing, a great question is do you invest in gold or silver. It would be perfect if you can invest in both, but if you have $10k or less you should think about buying junk silver coins because they are not collectable meaning that you will get the lowest price for silver. For larger investments, you can buy both.
Something that has a small chance of happening is that you would use silver or gold for purchasing goods, but if it comes you would want to have small silver coins because small gold coins in such situations will have a big value. When you have to buy something expensive you can just give a lot of silver coins. The only difficulty is the storage because you will need a lot of it.
What Type of Silver Coins to Get?
It is a small difference between junk silver coins and one-ounce rounds, so many investors are having a hard time figuring out which one to buy. Junk coins have the content marked on them and the purity which is great, but others have been in use which can happen again. They were used for a short time in the 60s.
Another difference is that you will get more the amount for junk silver. When you get a $1000 bag dimes you will get 10k dimes, but when you get junk silver coins you will have 715 ounces of silver. If you decide to get quarters you will have 4k. Everything depends on the amount you want and the available storage. Because the chances of using the old coins are so small, it is recommended to get junk silver coins.