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More About Per Gram Silver Prices
The gram is the entry-level weight of a gold or silver bar. It is the smallest bar you can buy. Coins can also be bought in grams and are referred to as fractional because most coins are 1 troy ounce. The troy ounce is the standard unit of measurement for precious metals and one troy ounce is 31.1034807 grams. The standard ounce is 28.35 grams; slightly less than the troy ounce. Even this small difference demonstrates where grams can matter or might be worth noting. Buying in grams gives a consumer options and versatility.
Buying silver in grams is a great alternative for consumers looking to make a smaller investment or who just want to own more pieces. An investor could more affordably purchase multiple bars from many different mints when choosing the one gram size. One gram silver bars require less space to store and allow the individual consumer to have more variety, compared to buying a one ounce bar. Larger silver bars require special storage and insurance and are not as easy to buy, sell, trade or transport than their smaller counterparts.
Choosing a bullion size is totally personal and you should consider what size works best for your needs. Do you have the capacity to store several dozen 1 ounce silver coins? Do you prefer the look of silver coins over silver bars? Or does it make more sense to own a single 100 ounce silver bar? With so many weights of measurement to choose from, owning a variety or just a simple selection of bullion become options for the average consumer.