Those who wish to buy silver bars in Ireland have a choice of popular and internationally recognised silver bars that are liquid as well. These bars are refined by leading refineries in the world and minted by government mints approved by the London Bullion Market Association (LBMA).
For Irish clients, GoldCore only makes a market and buys and sells silver bars fabricated by internationally respected and recognised refineries. Most of these are located in Switzerland or within the EU.
They include but are not limited to:
- Perth Mint silver bars
- MKS Pamp silver bars
- Johnson Matthey silver bars
- Engelhard silver bars
- Metalor silver bars
- Heraeus silver bars
- Valcambi silver bars
Silver bars come in a variety of sizes- 1-ounce, 5-ounce, 10-ounce, I kilo (32.15 ounces), 100-ounce and 1000-ounce silver bars.
Silver bars in smaller formats are not that popular with silver buyers and investors who tend to prefer one-ounce silver bullion coins.
The Best Way to Buy Silver Bars
Occasionally investors will own large silver bars and buy some smaller silver bars due to the divisibility that the smaller silver bars afford.
To buy silver bars is usually the preserve of retail, high net worth, family office and institutional buyers seeking to own silver in a cost efficient manner. In this case, large 100-ounce bars and 1,000-ounce bars are the preferred silver bar.
100-ounce and 1,000-ounce silver bars offer very small silver premiums. They are the best way to buy silver as close as possible to the silver spot price while preserving portability, ease of resale and above all, liquidity.
Large silver bars are an efficient way to buy silver, particularly if seeking to store a silver bullion holding in recognised and insured precious metals storage facilities such as the GoldCore Secure Storage.
For our clients making purchases of €50,000 or more who do not wish to have personal possession of their silver bullion, owning silver bars in a qualified precious metal repository is a practical and prudent way to safeguard silver bullion.
Some advantages of precious metals storage facilities are that the buyer doesn't have to take physical possession of the silver bullion bars and personally convey it to secure storage.
By opening an account at a storage facility, the client lets the facility take care of receiving and storing the material. Large silver bullion bars can be bought and sold without assay. GoldCore’s storage facilities will, for a fee, ship via bonded carrier, sparing you the effort and risk of transporting the silver personally.
Most clients do not take delivery of silver bars due to the very high cost of delivering physical silver due to its mass. As it is many times cheaper than gold (1/75th at the time of writing), the same lump sum purchase will allow the acquisition of 75 times more silver bullion in ounce terms.
Large silver bars are a good way to invest in silver bullion while avoiding the premiums usually found on legal tender bullion coins. To buy silver bars from well-known international mints and refineries, stored in the safest vaults in the world, is one of the most reliable ways to own silver bullion.