Above, is this a silver coin or silver bullion? Photo by Armand Vaquer. |
Have you wondered what is the difference between silver coins and silver bullion?
Those terms are used quite a bit these days when discussing coin collecting and investing. But there are similarities and differences between the two.
United States Gold Bureau has posted an article on the difference between coins and bullion.
They begin it with:
If you've been thinking of investing in silver, now could be a perfect time. Silver demand has grown by 38% since 2020, and mining production fell last year, driving the potential for further price increases.
The silver market is currently in the biggest deficit on record. Unless supply constraints diminish, this deficit is likely to continue.
But before you invest hard-earned dollars in this versatile metal, you'll need to decide between buying silver coins and silver bullion. Both are sound investments, but investing in coins might be more suitable if you have collector tendencies.
Silver bullion may be best if you're looking to invest larger amounts and lock in a stable price. Keep reading to learn more.
To read more, go here.
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