How to Buy Silver Bullion at the Best Possible Price
There are a number of ways to buy and own investment silver.
The most popular choices for investment are silver coins and small bars. However, if these items are kept at home, they incur shipping costs, and maybe additional insurance.
Why Choose OneGold?
With OneGold you can passively save while dollar-cost averaging your gold or silver price at or close to spot. Then when you have either saved enough or just decide to take possession, you can select an APMEX product, get best-tier pricing and APMEX will ship the next day.
Buying Silver-Comparing Silver Coins, ETFs, & Vaulted Silver
Usually, private investors cannot purchase silver through the wholesale spot market, so as an alternative, they often buy coins or small bars. Private investors also commonly invest through a derivative, such as an ETF.
Despite being smaller, silver bars or coins can cost you up to an additional 10 percent, and that does not include any local sales tax that must be added. With OneGold, there is no sales tax.
If you are an investor buying small silver bars or coins, you will typically have to arrange storage on your own. If your silver is kept at home, this proposes a significant security risk. It is exactly this reason that makes ensuring privately held silver very expensive. OneGold's combined storage and insurance fee is a much cheaper option.
The price of silver is tracked by exchange-traded funds (silver ETFs) using complex derivatives and may not even be backed by bullion. Annual fees for silver ETFs sit at 0.50 percent and are deducted from the quantity of silver backing the shares each day. This charge will usually not include insurance.
Another type of product known as "closed-end funds" tracks the price of silver less closely. The share price has a wide range of variations from the silver underlying it, known as the Net Asset Value because they change the quantity of silver backing their shares irregularly.
How to Start Silver Investing with OneGold
With a deep understanding of precious metals unmatched in any competing partnership, APMEX and Sprott came together with a shared vision for the evolution of precious metals ownership. OneGold is the result of the knowledge, experience, and resources of these two globally recognized partners.
- Create a Free Account at OneGold.com
- Choose between our selection of investment-grade precious metals.
- Low premiums & tight spreads.
- Purchase using Bitcoin, Check, Credit Card or connect your Bank Account.
- No need to wait on funds clearing, you can “Buy Now, Pay Later”.
- Fully allocated and segregated investment grade precious metals.
- Annual storage fees paid quarterly are Silver .30% & Gold .12%.
A guide to investing in gold.
A guide to investing in silver.