LOL that’s a pretty funny term. Very true though. It’s tough to risk 100 ounces at anywhere between 18-27 per ounce if you can’t guarantee authenticity. HOWEBER. It seems to me that bars like this are almost never faked while Chinese pandas, American eagles, etc are faked every day. Isn’t it safer to buy giant bars than bullion coins?
I'd expect a lot more fakes of the 1-ounce pieces, because there's a much larger market for them, and there are just more of them around. The main problem is that it's easier to fake a large bar, because there's more volume to work with. Googling "fake 100 oz silver bar" turns up silver-plated examples, but for a 100- or 1000-oz bar it could be worthwhile to core a real one, fill it with a lower-melting alloy of the same density, then plug it. You'd have a thick enough layer of silver to look good when scratched, and the weight/dimensions/density would be right. Even XRF probably wouldn't penetrate enough to detect the interior. You'd need to drill the bar randomly to find the truth.
Yeah, this. A small coin you will have thinner plating, making it easier to spot a plated example. With this, they don't even have to plug, they could insert a lead-tin core while casting a silver bar to extend their yield. This is why I simply prefer government minted coins. More precise specs, and a complicated design. Simply more ways to catch fakes than with bars.
Maybe not sir, but let me ask you this. Its your money, and you have the chance to buy an ounce of gold. Are you more comfortable buying a bar or a mint issued coin? Which one do you sleep better at night owning? Maybe you have a different answer than me, I simply like the safety of being able to check very exact, published specs, and if I am still unsure send it in for authentication to a TPG. To some people an ounce of gold is a lot of money.
I think that was an excellent choice, silver is very over priced right now I think it would be better when silver retreats more, its at a very high level right now.
well its definitely over priced at 85% so probably at max 15% growth so buying now wouldn't leave you much on the plus side, better chance of falling off the cliff.
I thought we were talking about large silver bars. I don[t have any interest in gold in bar form. I don't see the appeal
Sorry. If you had a choice between silver bars and government struck silver coins, which would let you sleep better at night owning? Fixed it for you.