So I have never bought a silver or gold bar. I think it would be cool to own some, but I have no experience. Can you guys give me some pros and cons. You pay less over spot it seems, but whats with the serial number on EVERY BAR!!! Thoughts appreciated.
Ingots IMHO are more dangerous than other forms of bullion investing. This is due to non-uniform shape and size making reconfirmation of the bullion content required each time it changes hands. I think silver is even more dangerous since its easy to mimic its sg versus gold. Personally I wouldn't buy PM this way. When you go to sell it I believe you would have much more hassle. Just my opinion though.
Stick with government issued coins from the US and Canada for your first purchases. Consider the additional premium as insurance against fraud.
never had any problem with name brand gold bars. i have bought and SOLD several with no problems. a lot of people state you will have a problem when you sell but they have never sold any. stick to name brands, Pamp suisse has sealed ones with the number on the bar and pkg. same for Perth Mint. can be had for very low premium compared to coins. check out Goldmart and some others.
I have seen at least two fake Pamp Suisse bars, sealed with serial numbers. If you go that route make sure you buy them from a reputable source.
I was considering buying a few gold ingots last year, but decided to go with some gold sovereigns. I feel coins are more liquid but I have no experience selling ingots so don't take my word for it.
