Investing In Royal Canadian Mint Silver Bars

Investing in silver is one of the safest things to do, and RCM silver bars or Royal Canadian Mint silver bars are one of the best options you have in the market today. One of the reasons some investors prefer silver to gold is because of the price variations. As price variation of silver will not affect the overall profit or losses by much, some investors who want to safeguard their money go for it. Also the fact that the bar is available in sizes which are large enough to make a substantial investment and small enough to easily store in a safety deposit box is what makes Royal Canadian Mint bars one of the preferred choices for investors.

About Royal Canadian Mint

The Royal Canadian Mint is the agency that is responsible for minting currency of Canada. At the start of the century, the RCM broke away from the British Royal Mint, which was the standard for gold and silver at that point of time. This is one of the reasons why RCM is well known for its high quality precious metals. While mints of some of the largest nations like the Unites States and China produce silver that is only 90% pure, the Royal Canadian Mint’s silver bars are 99.9% pure. This is one fact that makes the RCM silver bars better than the other mints’.

Availability of RCM Silver Bars

Since the Royal Canadian Mint is a government based mint, you cannot directly buy the silver bars from them. There are a number of dealers, both offline and online, who deal RCM silver bars. Many of the government mints around the world deal with investors through websites of their own but RCM is strictly against this policy. Since RCM’s silver is so popular around the world, you will have no problem finding their silver bars at leading online gold and silver sites.

Sizes in Which RCM Bars Are Available

If you are considering regular investment in silver, then you must know that the Royal Canadian Mint is a government mint and they do not sell their offerings to the general public (or investors) directly. This is the reason why we can never put a finger on the range of sizes in which RCM silver is available. According to the official sources, the mint produces its trademark 99.9% pure silver, which is marked by the leaf shaped emblem, in the form of bars, wafers (which are also known as silver rounds) and occasionally in the form of silver grains. As you do not have access to the mint’s sources or supplies, some of the sizes that you are purchasing today might have been produced some time ago.

However, investors around the world prefer the 100 ounce RCM silver bars which are not only substantial in value but are also easy to handle and transport. The 100 ounce RCM bars weigh 2.8409 kilograms or six and a quarter pounds to be precise. RCM silver bars (100 ounce) have dimensions that measure 3 inches by 7 inches and is around 2 centimeters or 4/5th of an inch thick. One of the distinctive qualities of these bars is the lack of decorative flourishing that you often associate with other silver bars. Although they are fairly plain, the bar on its own is blinding, indicative of its purity. You can also find the RCM’s emblem embossed into the surface along with the legend (100 tr. oz. Ag 999.9) which will indicate the type of metal, size and purity. Just like the lack of design, all the inscriptions are precise and will not try to drag the attention away from the bar of the purest commercially available silver.

Advantages of Investing in RCM Silver Bars

The Royal Canadian Mint is a globally renowned mint and its 100 oz silver bar is one of the most highly respected and fast moving silver products in the global bullion market. They are also one of the few products that are approved by the IRA silver accounts. These bars are also one of the purest silver bars available in the market adding to their inherent value. Also, each bar comes with an individual serial number and a seal that is very difficult to duplicate. That makes it one of the safest investment options in the world today as it is hardly ever counterfeited.