Saturday, August 13, 2011

Buying silver coins vs. buying silver bars

David Morgan discusses when and how to buy silver coins and silver bars. It all depends on the size of your portfolio and individual preferences Start with coins, then bars. This is so true. Coins from the perth mint at the moment are $45.56 per ounce for a basic coin and they will re buy them from you for $34.01 thats $11.55 over spot per ounce. If you buy a kilo bar it costs $1173.29 or $36.49 per ounce and they buy them back from you for $1042.67 or $32.43 per ounce. Thats only $4.06 above spot. If you buy the perth mint coins you pay an extra $7.49 p/o over the bars. 1kg bars are the way to go if you want to make more money on the SALE of your silver in Ausi.