When you are looking for a long-term investment that is reasonably safe from future economic crises one asset that performs better than other assets and is also a defensive option in uncertain times is silver bullion. 

There are many Melbourne bullion dealers you can buy your silver from and sell to when you need to liquidate. Whether you are looking for a bullion dealer to buy or sell silver bullion Melbourne to, there are is some basic information you need to know about silver. 

What Is Bullion?

Bullion is defined as high purity silver that is sold as coins and bars. It is different from the silver that is used in jewellery. Jewellers aren’t concerned with where your bullion origionates from, the design or the brand. Since bullion has 99.9% fineness, the important thing is how much silver you want to sell.  

How to buy or Sell Silver Bullion?

When it comes to precious metals, there is more than one bullion product that is simple enough for anyone to invest in and that is silver. Many investors choose to buy silver because it is much cheaper than other precious metals. It is also easier to keep tabs on the price of silver because it moves together with the price of gold. 

Bullion dealers will buy silver in the form of coins or bars. Coins tend to be worth more because they are costly to mint compared to bars. When it comes to bars, the brand matters a lot. You will get more for your silver bullion if they come from reputable refineries like Valcambi or PAMP Suisse. This is important because bullion buyers have their preferred sources. 

An ounce of a standard-sized silver coin is easier to sell than an entire kilo of a silver bullion bar. Investors have to consider what their investment goals are when they buy silver bullion. Is it for long-term investment or do you want to be able to sell silver bullion Melbourne when you want need emergency cash? Coins are small and easy to carry around. Silver bullion coins in particular can be sold not just where you bought them but to any buyers anywhere in the world. One thing you have to keep in mind about the price of silver is that it is very volatile. You will not get the same price for your silver, as what you initially paid for new silver bullion coins. Your coins have been used and cannot command the same price as new coins. 

Selling Silver Bullion in Melbourne

Visit a number of bullion dealers near you and find the ones that are particularly interested in silver. You have a couple of options when it comes to where you should sell your bullion. You can sell to a bullion buyer, a pawnbroker, a coin shop, or to a collector. Bullion dealers often offer the best price for silver because they can easily resell. The same can be said of coin shops. Pawnshops will base their offer to you on whether there is a demand for your silver coins. Silver isn’t a favourite with them. Collectors are likely to pay more for your silver if it is rare, in demand or it has an interesting history or holds some other special significance. There is always a market for silver bullion which is why it is such a good investment vehicle.