Why investing in silver
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Should I invest in silver bars or silver coins? Large 1, ounce silver bars , the common commercial delivery form of silver investing, are the most cost efficient way to hold silver. However, because they weigh about seventy pounds, they are typically chosen for depository storage rather than keeping at one's home. For the most convenient and divisible form of silver, coins are preferred, especially for small lot investments.
When selling bullion bars that you have had in your possession back to a dealer, an assay is required to verify its weight and fineness. However, when your bullion bars are stored, there are no assay fees required or delivery charges. What is the process when purchasing silver from Monex? Once you have decided on the quantity of silver bars or silver coins to purchase, your Monex account representative will assist you in executing your order over the phone, and your purchase and price will be confirmed on a recorded line after your acknowledgment.
A written confirmation will be sent to you with the details of your order. Payment must be initiated on the day of purchase, which means you must mail or wire funds on the day of your purchase. Upon payment verification, you have the power to decide if you want your physical metal shipped directly to your home, made available for pick-up at secure depository facilities located throughout the U.
What is the minimum amount of silver I can buy from Monex? For silver bullion bars , the minimum purchase is one ounce. For pure one-ounce legal tender silver bullion coins , such as the Silver American Eagle , Silver Canadian Maple Leaf or Silver Austrian Vienna Philharmonic , the minimum purchase is one unit, containing coins. For the. How do I know the products I get from Monex are authentic? Monex guarantees the authenticity and fineness of all of its bullion bars and coins.
All silver coins are produced by government mints. The Royal Canadian Mint has authorized Monex as one of its Bullion DNA dealers to verify the authenticity of gold and silver Maple Leaf coins in just seconds using a laser-marking and precision radial line technology verification system. How do I sell silver back to Monex? Selling your silver back to Monex is a relatively easy process.
When you are ready to sell your precious metals back to Monex , please contact your Monex Account Representative for shipping instructions. Shipments must then be sent by USPS registered and insured mail with a return receipt. Customers are responsible for fully insuring their shipments, until it is received by the designated depository and posted to your account. Once the shipment is received and verified you will be notified and able to sell your silver. Proceeds of your sale will be sent to you in the form of a check or bank wire, or if you prefer, credited to your account.
If your silver is in storage at one of the Monex referred depositories, you can sell your metal over the phone at any time without delay. What percentage of my investment portfolio should I invest in metals?
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Investing In Silver In 2022 - Why NOW Is THE Time To Stack Silver
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