Fractionals And High Premiums

It's kind of the basic buy in bulk principal. A .5 ounce silver round is going to have a higher premium per an ounce on it that a 10 oz. silver bar. And the 10 oz. silver bar is going to have a higher premium per ounce on it than the 100 oz. silver brick. That's the way it works in most commodities. Buy more pay less.

That is why all us Canadians buy our maple syrup by the oil drum. It is cheaper that way. I once worked a coin show ith some old Newfoundland cents for sale at $2 a piece. A guy asked me if he bought two of them would I give him a break and sell them for $5.

ANyways as a general rule of thumb the more you buy the cheaper it is per oz. However that is not allways the case. You will want to try to find your price per oz when buyung silver.

I looked up silver bars on Silver Gold Bull and shorted them by price per oz. We are not doing this with coins as some do carry a numismatic premium and will skew our results.

https://silvergoldbull.com/silver#o...hape:Bar&s=0

You have to go 14 spots down before you find your first 1 ozer, a Sunshine mint bar ($22.75). Now lets go back up the list. You will see that both the 5 0zer and 10ozer from Sunshine sell cheaper.

However the 5 oz bar is selling for CAN$112.10 (or 22.45 an ouce, what a deal)
If you want 10 oz of silver you should avoid the 10 ozer though. (222.19/10=22.19)

Oh wait, never mind. Even though the website said I was better off buying 5 oz I discovered that was not true after figuring out the price per oz. That is why you should always do a wee bit of math before buying your bullion.