- 09 Apr 2022
- Greg Morrison
- Precious Metals
- Comments: 0
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Are you looking for the best place to buy silver bars? There are so many online precious metals dealers that deciding who to trust can be overwhelming. You want to get the best deal on the silver bars, but you also want to make sure that you're purchasing them from a reputable company that isn't going to end up ripping you off with substandard products or fees.
Well, today is your lucky day! We've done the research for you and have selected the five best places to purchase silver bars. Read through our reviews, and we think you'll be able to find the company that is offering exactly what you're looking for.
BEST: Silver Bar Dealer Reviews
Regal Assets (NO LONGER RECOMMENDED)
When you are trying to choose between the various silver bar dealers out there, one company that should be high on your list is Goldco. Founded in 2006, Goldco is a trusted name in the precious metals industry. They have earned high levels of respect from financial experts, along with positive ratings from sites such as the Better Business Bureau and Business Consumer Alliance. In fact, Goldco was given an A+ rating from the Better Business Bureau and an AAA rating from the Business Consumer Alliance, the two highest ratings possible from these organizations.
Possibly even more impressive are the high reviews that Goldco has received from past customers. Reviews from real customers are oftentimes more telling about how a company does business, and with such high praise from hundreds up to thousands of online reviewers, Goldco definitely stands out.
If you're ready to buy silver bars, you'll find that Goldco offers a large selection. You can find silver bars from different world mint producers available for purchase. Additionally, you can choose bars of different weights to match your budget and investment needs. While Goldco's website doesn't list the specific bars that are available for purchase, looking at their selection of gold and silver coins should give you confidence that they'll offer what you're looking for.
Adding silver bars to an IRA is another option to consider. When you do this, you can take advantage of the tax benefits that IRA holders enjoy. If this is something you may be interested in, be sure to contact Goldco. They specialize in helping individuals add precious metals to an IRA.
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If you want to add some silver bars to your portfolio, Augusta Precious Metals is another one of our top picks. The company, which has been in business since 2012 values their customers and works to offer the best possible service. According to their website, they strive to educate each customer to help them make the best investment decisions for their portfolio and to achieve their individual goals.
Because of their commitment to their customers, Augusta Precious Metals has earned high reviews from those they have done business with. They are a trusted and respected company that has also earned the highest ratings possible from the Better Business Bureau and Business Consumer Alliance.
Augusta Precious Metals offers 10- and 100-ounce silver bars for their customers. These bars come for a variety of mints, including Engelhard, Johnson Matthey, Wall Street Mint, and A-Mark.
If you're interested in adding silver bars to an IRA, the bars offered by Augusta Precious Metals meet the requirements set by the IRS. You can contact a member of the team, and they can help you learn more about opening a Silver IRA.
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#3. Birch Gold Group
You may also be interested in seeing what Birch Gold Group has to offer. They have almost 20 years of experience in the industry and have earned the endorsement of Ben Shapiro. Birch Gold Group's websites lists four key standards that the company strives to achieve. These include empathy, ethics, transparency, and efficiency.
They have also earned an A+ rating from the Better Business Bureau and an AAA rating from the Business Consumer Alliance. Additionally, you'll find that the team at Birch Gold Group is responsive and knowledgeable, as is evidenced by the numerous positive reviews they've received from past customers.
We also like that Birch Gold Group can help you add silver bars to a retirement account. Adding silver bars to an IRA can help you make sure you're financially prepared for retirement and protect you with some of the tax benefits IRA holders receive.
Birch Gold Group's stock of silver rounds fluctuates, so you'll need to call the company to find out what is currently available. While there are no silver bars listed on the website, it does indicate that the bars offered will have a minimum fineness of 0.9999, which will also make them eligible to be held in a Precious Metals IRA.
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#4. Noble Gold
Noble Gold is another one of our favorite places to buy silver bars. The company, which has been around for over 5 years now, was founded with the goal of assisting their clients in building wealth. They want to help individuals see how precious metals can help set them up for future financial success and have a team of dedicated experts who work closely with each client to make this goal a reality.
Noble Gold has earned high praise from its customers. It also holds high ratings from the Better Business Bureau (an A rating) and the Business Consumer Alliance (an AA rating).
Whether you are interested in adding silver bars to your retirement account or wish to purchase some for a personal investment, we think you'll enjoy the selection and support offered by Noble Gold. Unlike many other precious metals investment companies, they also list the specific silver bars that are available on the website.
These are the silver bars that are currently available through Noble Gold:
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#5. Regal Assets (NO LONGER RECOMMENDED)
Finally, we also think you should take a look at Regal Assets. Tyler Gallagher started the company in 2009 with just $5,000. In the years that followed, Regal Assets took off and quickly grew to be a major player in the precious metals investment industry. During this time, they were also listed as #20 in the financial services category on the INC 500.
Regal Assets offers gold, platinum, and palladium, in addition to the silver bars and coins that are available. You can even open a special Regal IRA that will allow you to invest in cryptocurrencies alongside your precious metals.
As for silver bars specifically, you can purchase 10-ounce or 100-ounce bars from various mints. These mints are not specified on the website, though one image does show a Johnson Matthey 10-ounce silver bar.
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How to Select the Best Place to Buy Silver Bars
Before making a final decision about where to buy silver bars, read through the considerations outline below.
❑ Available Silver Bars
Finding a silver dealer that offers a selection of silver bars to match your preferences is important. Before making a final decision about which company to work with, take a look at the selection of bars available. If you are looking for bars from any specific mints or want to make sure you can hold a variety of different bars, keep this in mind as you search.
❑ Experience and Reputation
With so many precious metals dealers out there, you don't have to compromise on experience and reputation. While there are many companies that may have only recently started or have very limited customer reviews, there are plenty that have multiples years of experience and have excellent reviews from past customers.
When you're talking about investing your hard-earned money in silver bars, take the time to look up reviews and years of experience for the companies you're considering. You can also look up a company's rating with the Better Business Bureau. The highest rating the BBB gives is an A+ rating, so finding a company with this rating can offer additional confidence that you're making a sound decision.
❑ Customer Service
Last, but not least, seek out a company that will offer the service and respect you deserve. You want to feel confident that any questions or issues will be addressed promptly and professionally.
Our Top Pick
We had to choose Goldco as our top pick for the best place to buy silver bars. While we think that the other four companies on our list are reputable and trustworthy, there are a few things that really make Goldco stand out to us.
First, we are very impressed by the numerous positive reviews from past customers. This gives a lot of useful information about what you can expect if you choose to work with Goldco. Additionally, Goldco has also earned the highest ratings possible from the Better Business Bureau and Business Consumer Alliance. These high ratings just add to the reasons to consider Goldco when you're looking to buy silver bars.
With Goldco's reputation and selection, we think you'll agree that they are the best place to buy silver bars from. Don't waste any more time; start shopping for silver bars to add to your investment portfolio now.
Frequently Asked Questions
Is silver a good investment?
Yes, overall, silver is seen as a good investment. As you may be familiar with, there is some volatility in the price of silver, but it holds a lot of promise. Silver is still a highly sought-after precious metal that is being used in new ways. Aside from silver jewelry, more and more technological advances rely on silver. So, with the technological future ahead, it is likely that these uses for silver will only continue to increase.
Is it better to purchase silver bars online or in person?
Shopping online and in-person both have their own benefits and drawbacks. If you shop online, you don't need to worry about dealing with high-pressure sales representatives in your local shop. Online shopping can also be more flexible because many retailers allow users to add items to their cart and complete purchases outside of the typical business day.
Shopping online can also provide you with increased privacy. No one in your area needs to know what you're shopping for or that you're driving home with a car full of precious metals. Likewise, if you decide you'd like to store your precious metals in a secure location, many dealers can help you with shipping them directly to the depository for you.
There are some benefits to shopping in-person as well. When you shop with a local precious metals dealer, you can see the bars for real, rather than just on a computer screen. If you like the feeling of personal service, you may prefer to shop with a local dealer, though many online retailers also have dedicated and responsive customer service representatives to work with you.
Are silver bars a better investment than silver coins?
The answer to this question depends on a number of different factors. Generally, silver bars cost less per ounce than silver coins. This means they can be the better solution for individuals who are looking to invest in large quantities of silver. Silver bars are also easier to store and stack together well. Again, if you're looking to add a large quantity of silver to your portfolio, this can be a big selling point.
However, there are some advantages to silver coins as well. Because silver coins are a form of legal tender, they are backed with a guarantee from the government. This can make it a little easier to liquidate a silver coin than a silver bar. Additionally, some rarer or numismatic coins can also have added value due to their status.
Ultimately, the choice between investing in silver bars or silver coins is up to you. There is no reason not to invest in both, if you'd like to take advantage of the benefits of coins and bars.
Father, Husband, Investor, Entrepreneur.