MySmartGold – Prime Silver Bar 500 gram

MySmartGold has recently added a new product which is a 500 gram silver bar known as Prime. This silver bar does NOT come with certificate like PAMP SUISSE (1 kilo) silver bar and Oneasia Gold Mint (500 gram) silver bar.

500 gram silver bar is suitable for silver investor who wish to stack large amount of silver using lesser space. 500 gram of silver is equivalent to 16 troy oz of silver. In other words, some investors might choose to buy 16 individual 1oz bar for liquidity purpose while some investor who wishes to save space would choose such 500 gram silver bar.

This group of investor should be fairly confident with their cash flow that they do not need to sell off their 500 gram silver bar urgently in the near future. 500 gram silver generally has lower liquidity compare to smaller size investment grade silver bar (or round) such as 1oz. If a silver investor wishes to sell of the 500 gram bar, it might take a little longer compare to a 1oz silver bar.

Of course, one can argue that there is always a buy back policy. In the previous post, I posted this image:

What investor needs to be aware in buy back is the spread. There is always a spread being involved in buy back. Regardless how big or how small the spread is, spread is always equal to a cut in profit. Before executing your option for asking the vendor to buy back your silver, you might want to consider selling it yourself to minimize the lost in spread.

As always, the concern with selling silver yourself is the hassle and waiting period. So, you will need to analyze your financial situation and storage before deciding what size of bar to invest in.

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