1 kg silver bars
Are you interested in buying silver? If so, you may want to explore our selection of 1 kg silver bullion bars at GOLD AVENUE.
You can enjoy free storage, VAT-free silver product options, and zero commission on the resale of your stored bar.
Presentation of the 1 kg silver bars
The 1 kg silver bullion bars are produced by the well-known refinery MKS PAMP. They were founded in 1979. Since then, MKS PAMP has become the global leader in the production of precious metals, offering a wide range of bullion and refined products. Known for its commitment to quality and innovation, MKS PAMP has earned a stellar reputation in the precious metals industry.
The 1 kg silver bar by MKS PAMP exemplifies the company’s commitment to excellence.
Our one-kilo bars are stamped with the iconic MKS PAMP logo, weight, purity level (99.90% fine silver), and a unique serial number. The bar features a polished finish and can be a valuable investment, but it’s also a testament to the craftsmanship and quality associated with MKS PAMP’s products.
The dimensions of the 1 kg bar are as follows:
- Length: 116 mm
- Width: 53 mm
- Thickness: 17.5 mm
If you decide to store your 1 kg silver bullion at home, it’s a good idea to keep it in perfect condition by using cotton gloves and treating it gently. You can use a protective covering made out of soft material so the bar remains free of any marks, scratches, or damage, preserving its worth and quality.
The advantages of buying a 1 kg silver bar?
The 1 kg silver bar has a number of advantages.
- It’s a tangible asset with intrinsic value that you can feel and touch. At GOLD AVENUE, we only provide physical silver that is 100% yours. And unlike paper money, which can be printed in unlimited quantities, silver has a finite amount on earth. This scarcity adds to its value.
- Historically, silver has kept its value and has been recognized as a form of money, highlighting its durability and store of value.
- Depending on your investment goals, buying the 1 kg silver bar can be a great option to diversify your portfolio. Precious metals, like silver, are considered a hedge against economic uncertainty and inflation, offering a level of diversification compared to traditional financial assets like stocks and bonds.
- If you have a bigger budget for your silver savings, it might be a good idea to go for the 1 kg silver bar. You’ll pay a lower premium than buying 10 x 100 g silver bars. The premium is subtracted from the bar's melt value, allowing you to maximize your investment.
What is the price of a 1 kg silver bar?
The price of a 1 kg silver bar is dependent on three main factors, such as:
- Metal value - this varies depending on market fluctuations. The metal value can be calculated using the current silver price by its weight (1 kg silver).
- Premium or fees include the production and design costs, logistics as well as our margin.
- VAT - unlike gold, silver is subject to VAT, and depending on your region, you will pay up to 20% VAT. But we also offer VAT-free silver products that are stored in a tax-free economic zone in Switzerland, meaning you can save on VAT.
You can also check this breakdown by visiting the product and clicking on the price of a 1 kg silver bar.
Why buy a 1 kg silver bar?
You might want to buy silver bars since it’s known for its industrial and investment value. Its unique properties and increasing demand in various sectors can offer the potential for growth.
Traditionally, silver was widely used as a form of currency, emphasizing its enduring value and acceptance as a medium of exchange.
Nowadays, with the shift to green energy, silver is being increasingly used in the electronics sector. Since silver is a key component of electronic devices, silver plays a vital role in the production of solar panels and electric vehicles.
This increased industrial demand for silver has expanded its applications, making it an appealing form of investment and a versatile metal across different sectors.
Silver is also more affordable than gold. If you’re new to the realm of precious metals and working with a smaller budget, you might like to start investing in silver first.
How to store my 1 kg silver bar?
We’ve made storage pretty simple for you.
You can store your 1 kg silver bar using our unique storage solution. It’s free (up to €10,000/£8,500) and independent of the banking system. Our secure vaults are located in Switzerland and inaccessible to the public for safety reasons. They’re also insured against any potential theft, damages, and loss.
You can also track your silver bar’s value with our wallet’s performance tool. It gives you real-time monitoring, helping you with deciding when it’s a good time to sell.
Reselling your silver bar
When it’s time to resell your stored 1 kilo bar, you can simply do it through your GOLD AVENUE account.
We buy your silver at the current metal spot price and don’t charge any extra fees or commission. You can sell your bar instantly with 24/7 access.
So all you need to know is the current silver price, to decide whether it’s the right time to resell your bar.
What size of silver bar should I buy?
Depending on your investment strategy, you have a choice of different silver bars available to you.
The 1 kg silver bar can be great for those with a larger budget and for those who might be looking for longer-term investments. Another advantage is that the premium on these larger bars will be less than on smaller bars.
For those who are seeking more flexibility, smaller bars might be better suited. For example, you can own one kilo of silver with 10 x 100 g silver bars. This will give you greater flexibility in case you need to sell off a part of your silver portfolio. These smaller bars are also suitable for beginner investors with a smaller budget who might be just dipping their toes into silver investing.
You can explore our collection of PAMP silver bars, available in various weights: