Buy Silver Coins and Bars with Bitcoin
Even though gold seems like the hottest precious metal out there for investors, silver is also a very hot commodity for investors and collectors. There has never been a better time to buy silver with Bitcoin due to the fact that silver is a lot more affordable than gold. This means that you will be able to buy more silver in ounces than you will be able to buy in gold, and that is very good for both collectors and investors.
If you want to buy silver with Bitcoin you should know there are a lot of different types of silver out there including coins, bars, and rounds. Bars and rounds are basically the same although the shape is a little different, and both are minted by private companies. Bars and rounds also are often sold to the investors whereas the coins usually are the choice for collectors. Coins will end up costing you more money than the other silver bullion products due to the collectible value of them, and there is more of a limited quantity of silver coins.
If you want to buy silver with Bitcoin and are looking just to make an investment, then bars are the best choice. Silver bars come in different sizes and weights and the larger the size the lower the price you will pay per ounce. The most common sizes of silver bars are 1 ounce, 5 ounces, 10 ounces, 1 kilo and 100 ounces. Rounds often times are in 1-ounce sizes and both rounds and bars are about the same price per ounce. Just like with the bars if you order silver rounds in large quantities you will get a lower price per ounce. The silver coins are the best choice if you want to buy silver with Bitcoin but they also will cost you the most. This is due to the fact that silver coins are produced and minted by the national mint from that particular country, such as the US Mint or Sunshine Mint. Another reason why the silver coins are more expensive is because they have a higher collector value and there is more of a demand for them, not to mention that coins are rarer than rounds or bars.
If you want to buy silver with Bitcoin then the best choice is ordering a combination of coins, bars, and rounds so that you have a more diverse portfolio. This combination also makes it easier for you to buy or sell in the future with the coins being the most valuable and has the biggest resale value. It is also good to know that if you buy silver with Bitcoin then the going price is calculated per troy ounce and silver will always be close to the current silver prices. If you are looking to diversify your investment portfolio then getting a combination of silver is the best way to go and checking out silver prices will help you know the best time to make your purchase.
At Veldt Gold we sell silver bullion products from the following mints:
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