Buy 1kg silver bar today at the lowest premium over the silver spot price. This kilo silver bar is made .999 silver and comes from the secondary market. Therefore, it is available at the lowest premium compared to brand new bars. Solomon Global ensures to only supply silver bullion bars produced by LBMA approved manufacturers, even if they have been pre-owned.
Pre-owned (also called “Best Value”) silver bars are the cheapest way to buy physical silver. They are a less costly alternative to brand new bars. If you are looking to buy 1 kilogram of physical silver at the lowest price possible per gram, this is the right product for you. With this Best Value option, you will make a lot of savings in your silver bullion investments.
Please note that silver bars are subject to VAT at the standard rate of 20%.
Why buy 1kg silver bar ?
Buy 1kg silver bar offers a cost-effective way to invest in silver. Silver coins tend to me more expensive because of their higher premium. In comparison, investors buy kilo silver bars because they do not have a premium. To acquire one kilo of silver in the form of coins, you would need to buy 32 coins. You will pay around £10 more per kilo compared to buying a kilo bar of silver.
Moreover, a kilo silver bar will be easier to store and stack compared to a larger-weight bar. In fact, silver being less dense than gold, a large bar like a 100 troy ounce will require a larger space to store compared to bars of smaller size.
Why should you buy silver bars ?
One of the benefit of silver bars is the range of weights available. Although the most popular bar size is the kilo, silver bars come in both Grams and Troy ounces. In many cases, the silver bars are easier to store compared to silver bullion coins.
At Solomon Global, you can buy silver bars ranging from 100 ounces to one ounce. The different prices between silver bars often comes from the manufacturing brand. However when you buy silver bars at Solomon Global, you will pay only the markup for distribution, fabrication and the nominal dealer fee on top of the silver spot price. There will be no additional charge for the manufacturing brand. All the bars for sale on the website are from LBMA manufacturers.
Why invest in silver ?
A lot of investors consider gold as the main precious metal to hold. However, silver plays also an important role in an investment portfolio. Buying silver through bars or coins is a great way to balance and diversify your assets. As a matter of fact, the demand for this precious metal has always been increasing, despite its limited supply. Many products in the electronics, medical or photovoltaic sector require the use of silver as part of their components. Its increasing industrial and technological usages make investors believe that its price will rise.
Like gold, silver is also a safe bet during periods of economic downturn. The proportion of silver in investment portfolio has increased overtime. A lot of investors buy silver bars and coins to protect their purchasing power and hedge against inflation. In fact, the price of silver is not subject to the volatility that affects stocks and bonds.
