Hello everyone and welcome to the coin company youtube channel. Please don't forget to like our
videos and press the subscribe button to see all the latest coin reviews. Today we have decided
to do things a little bit differently to what we usually do and the main reason behind it is
the uncertainty currently happening around the world. Things like rising inflation,
talks about interest rates going up in 2022, the war in Ukraine, the petrol prices going
up the roof and so on and so forth. So in this uncertain times a lot of people start thinking
about how to preserve their wealth and one of the oldest instruments to preserve your wealth
is investing into precious metals and that's what we want to talk about in this video. Now before we
start a few things to mention: number one this is obviously not a financial advice - this is
purely educational video, and what is available on the market when you want to buy physical
silver. So if you do want to invest in something please see your financial advisor. Number two
this videos there will be three videos. Just purely making it easier to digest
for whoever is watching these videos. And number three all these three videos gonna
be heavily based on the products which are widely available here in Australia where we're living.
But the idea is basically the same for anyone watching these videos from
any country around the world. So let's start and first things first let's talk about what physical
silver is. So mainly if you want to invest into physical silver you have two options:
you either buy a bar or you buy a coin. Now physical basically means that you can touch it,
you can feel it, you can put it into your safe and you can have access to it 24/7.
So we will start with the bar first. So let's move those coins just away for now.
And the bars, the bars is basically the cheapest way you can invest into physical silver
now. What is involved into the pricing when it comes to pricing precious metal products.
Basically you get the metal price which is set by LBMA on the daily basis and then on top of
that metal price you get the premium which is manufacturer or the dealer premium which they
charge on top of the metal price. So in theory the less you pay on top of the metal price the better
it is. However as always it's not that simple so with the bars, bars are probably the cheapest way
to get into physical silver. Now you pay the least amount of premium on top of the silver price
however there are quite a few I guess disadvantages when it comes to bars
comparing to coins and number one is obviously the prettiness of the product or the way the
product looks. As you can see this is a very very basic product this is literally just a board bar,
no design, nothing. The quality is fairly rough and now at the front you have
the logo of the manufacturer which is the version called London, the weight of the poor metal purity
and the actual metal. That's it, nothing else, no packaging, no capsule, no legal tender, nothing.
I mean, well, actually when I'm saying there is no packaging usually the bars do come in some sort of
plastic sleeve but it's very very basic. The other disadvantage of purchasing bars it's affordability
and I know just said that this is the cheapest way to buy silver however bars generally come in
a larger size as a matter of fact the most popular silver size bar is a kilo bar. So you can imagine
that a kilo of silver cost a little bit more than a one ounce silver so for those
people who do want to have a smaller size silver bars might be a problem because I think probably
the smallest bar you can get is the actual 100 gram bar. So uh to summarise, advantages and
well the main advantage of buying physical silver in bars is the price. It's literally the cheapest
way to buy silver physical silver. Disadvantages: the prettiness, the design - there is no design,
the size - the sizes are fairly large and the main size is a kilo bar and look, probably,
the availability. I would say it's much easier to purchase a coin than the bar.
So here it is guys this is the end of part one of this video if you did like it please press the
like button. Please press the subscribe button. It really helps us to promote the video and it
really helps us to make more videos like that and please stay tuned for the part two and part three
where we will be talking about investing into silver coins. Thank you for watching goodbye.