5 kilograms Buy Silver bars

5 kilograms Buy Silver bars

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Dealer prices updated: 26/05/2022 - 7:20pm Uhr, Shipping prices updated: 25/05/2022 - 8:00am

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5 kilogram silver bar

In the 1500s, the world economy was so dependent upon silver that its values affected world markets. Rising prices created economic boom-times, and falling prices severely damaged economies around the world. The rise of the Spanish empire can partly be attributed to silver discoveries in the New World. While the conquistadors had hoped to find cities made of gold, what they found instead were large quantities of silver that secured wealth for Spain, but created economic turmoil for those societies who depended on stable silver prices. Because the global demand for silver continued, and because it was extremely valuable in China, the entire world economy revolved around this metal and its prices at that time. Silver is still a commodity investors feel good about because it has always been a valuable resource worldwide.

Silver bars, unlike gold bars, do not come in standardised sizing for various weights. Each mint produces bars according to its own specifications, but each 5 kilogram bar weight exactly 5,000 grams. Each bar has an inscription on it that notes the mint where it was produced, its weight and its fineness rating. This number varies by mint, but is most often 99.5% or higher. Certain mints choose to decorate their bars more elaborately than others, and some will feature intricate designs on the reverse side of the bar depicting a mint's logo or other images. Kangaroo motifs are often found on the reverse side of bars produced by the Australian Perth Mint.

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