Precious metals have long been trusted by investors as store of value and wealth. When looking for the most cost effective way to buy silver. For many stackers, 100 ounce bars are one of the most cost effective ways for investors hold physical silver.
These bars often have the lowest premium per ounce over spot price and are a great way to bring peace of mind during times of economic and political restlessness. A variety of both private and sovereign mint 100 oz silver bars are in stock and ready to ship from many online bullion dealers.
Comparing the features, dealer premiums and shipping costs of the many available options is one of the ways to find the best deal on what fits your needs.
100 oz Silver Bars
Serious precious metals stackers choose 100 oz bars because they will often have the lowest dealer premium per ounce. This makes them ideal for adding weight to your silver portfolio when stacking silver.
Some leading private mint one hundred ounce silver bars include those manufactured by Asahi Refining, Scottsdale Minting, Royal Canadiam Mint, Valcambi, Germania and others. Some designs and manufacturers may offer some rarity and collectability which could have an impact on premiums down the road.
A 100 ounce silver bar is an investment vehicle that can be utilized to stack your wealth at home while taking up only a relatively small storage space.
Each mint works within the conditions of their affiliation organizations certifications, such as LBMA, to ensure that these silver bars adhere to the outlined specifications. There is no standard size for a silver bar of this weight class and the dimensions will vary between manufacturers.
However, each 100 ounce silver bar contains almost 7 pounds of silver!
Secondary market 100 oz Silver bars are circulated. Which means that they were at some point sold back to a bullion dealer, pawn shop, local coin store or other exchange. Secondary market precious metals, sometimes refered to as “Dealer’s Choice”, typically have lower premiums than when they were newly minted and make an ideal choice as a store of wealth.
All hundred ounce silver bars are stamped with their weight and purity and include the manufacturers hallmark.
Industrial Demand for Silver
Precious metals and other commodities are always in demand by many industries. They play a significant role as components in many of the things that are part of our everyday lives.
Silver is one of the most efficient conductors of electricity. Many everyday electronic devices, such as cell phones, computers, solar panels and electric vehicles are all made various amounts of silver embedded in the circuitry. There is roughly 1/3 of a gram of silver (0.34g) inside the average iPhone.
While each device only has a small amount, considering that Apple has sold over 1.5 billion devices since 2007. When added up, that’s 510,000,000 grams or 16,396,881 troy ounces of silver.
In perspective, iPhone manufacturing alone has consumed more than 464,843 kilos of silver.
Already, more than 5.3 billion discarded smartphones that have been piling up in landfills as e-waste. With at least another 151 million being thrown away each year. The majority of that silver will likely never be recovered and is likely gone forever.
Today, advanced wound dressings and ointments are compounded with elemental silver and silver ions. The anti-bacterial properties have been used to treat severe burns and other skin ailments for more than 6,000 years.
Silver also plays a prominent role in medical imaging, x-rays and other radiographic imaging.
According to Statista, the jewelry industry consumed more than 202 million troy ounces worldwide in 2022 alone, more than 6,250 tons.
Generic 100 oz Silver Bars
The price of silver is driven by the spot futures markets. Those markets are where brokers for various industries buy silver with the expectation that it will be mined, refined and delivered by a specific future date.
Many modern industries are responsible for consumption of silver that will never be recovered or recycled. This will compound and effect the rarity and availability of silver and drive prices up over time.
Value investors look to the secondary market when searching for the lowest premiums on 100 oz silver bars. These are typically generic, private mint bars that have been bought and sold multiple times after being bought when they were freshly minted. Signs of wear, tear and patina can be indicative of its age and it’s common that most of these bars will have some dings, dents and scratches.
Some investors looking to preserve spending power consider generic 100 oz silver bars to be the perfect investment item. It’s often used as a hedge against high inflation because they maintain their intrinsic value.
