Silver bars (which are also often called ingots) as the name suggests are bars of silver. Due to the price differential when compared to gold bars, buyers will find that silver is available in much larger bar sizes. Here at Physical Gold, we stock sizes from 1oz, to 1kg, right up to a very hefty 5kg. In general, lower bar sizes are more divisible but this matters less when buying silver as the metal is so cheap (by comparison to gold) in the first place.
A range of manufacturers are available for silver bars. Beware as “all that glitters is not silver!” An important aspect of your investment is the quality of the silver purchased. Manufacturers we stock include Metalor, Argor Heraeus and Umicore as well as bar products from Mints such as the Perth Mint and the Royal Canadian Mint. The minimum quality level of any silver bar we stock is 999 fineness. It’s important for investors to know the quality of what they are buying as this will impact the price paid. The higher the purity level, the more an investor can expect to pay for each bar.
We currently only offer silver for home delivery. Storing silver is possible at home or in a recognised 3rd party safe deposit facility. The choice is yours.
We can arrange for the physical delivery of silver you buy online from us and you can make your own storage arrangements (e.g. store at a home or in a bank safety deposit box). If you take the option of storing at home, always remember to update your home insurance details (which will almost certainly attract a premium).
We’re currently not providing a storage solution for silver. Watch this space for updates.
Unlike investment gold, when you buy bars of silver in the UK, they are not exempt from VAT and attract an additional price of 20% on top of the silver price. Irrespective, the demand for silver bullion and coins is on the rise.
We previously offered investors the opportunity to benefit from building a diverse portfolio without paying VAT, sadly Brexit ended our VAT free silver offer. Although we can’t offer this 20% saving, we can still provide a great deal.
As we now ship our silver directly from the UK, we can now provide free delivery (this was previously charged for). In addition, we have reduced the number of silver products we sell, as buying fewer products mean we obtain bulk-buying discounts on the silver products we buy.
This means the premium we charge on silver coins and bars is also reduced.
Therefore, the overall result is that the price now has a very minor difference from the VAT-free price.
We can also now enable investors to buy silver by credit card on purchases up to £10,000 and buy gold and silver in the same transaction, whereas previously silver had to be bought separately.
Basically, these are 999.9 purity Silver bars with the vital difference that they each have their own Face Value. In the same way, the Face Value of UK coins such as the Britannia, Sovereign and Lunars means investors can trade them without incurring CGT, but only if that particular bar is legal tender in the customer’s country of residence.
Producing coins (such as the Britannia) has a higher relative cost of production when compared to manufacturing bars. Using economies of scale, bar manufacturers can reduce the individual mark-up on each piece and pass these on to the consumer. This means that investors can secure much larger increments.
Watch our related YouTube video – “Silver bars or silver coins – which is the best investment?”
All the products featured on this page can be bought directly from Physical Gold Limited. Purchase a wide variety of denominations to suit your investment requirements, remembering that larger investments tend to be more efficient in buying the maximum silver for each £ spent. Call us on 020 7060 9992 or view our contact details here.