1000 oz Silver Bars

CMI Gold & Silver Inc recommends 1,000-oz silver bars for IRAs and when large purchases are stored in precious metals depositories.  Silver bullion investors wanting to take delivery of .999 fine silver should go with 100-oz silver bars or 1-oz  silver rounds, both of which are easier to handle and store.  10-oz silver bars are also a convenient way to own silver bullion.

Still, it should be noted that many IRA investors opt for 100-oz (and 10-oz silver bars and 1-oz Silver Eagles) for their IRAs because they plan to take “in kind distributions” when they liquidate their IRAs.  Having 1,000-oz silver bars shipped gets costly.

A 1,000-oz silver bar weighs about 70 pounds on a bathroom scale, whereas a 100-oz silver bars weigh 6.86 pounds. A silver bar’s weight must be taken into consideration when buying or selling silver bars.

Although 1,000-oz silver bars are not suitable for delivery to investors, the Royal Canadian Mint’s 850-oz silver bars are easily deliverable, and the RCM bars are among the cheapest silver bars readily available.