If you pay attention to transparent physical silver bullion investment inventory data or the hundreds of millions of ounces of Indian silver bullion imports each year.
Chances are high then that you have heard and or seen the term “silver ton” or “silver tonne” used.
When referring to precious physical metals, a ton refers to a metric tonne.
For .999 fine physical silver bullion or any other precious metal for that matter, a metric tonne is exactly 32,150.7 troy ounces of silver or other precious metals.
What is 1 Ton of Silver Worth?
A rough calculation can be executed using a simple live spot silver price feed and a simple calculator, smartphone, or search engine to execute the arithmetic.
The equation for 'How Much is a Silver Tonne is Worth' is as follows:
32,150.7 oz X the current spot silver price = a whole lot of going to debase further fiat currency value.
At the moment writing this SD Bullion blog post:
A ton of silver is worth just over $550,000 fiat US dollars in mid-August 2019.
What does a Ton of Silver cost?
If you have access to once silver buying Warren Buffett, you could ask that almost $100 billionaire on paper what it cost him and his holding company to acquire the largest then modern-day hoard of silver bullion in 1997-1998.
Buffett and his holding company Berkshire Hathaway acquired over 4,000 tons of silver bullion or some 129.7 million troy ounces. About thirty percent more silver than the supposed market cornering Hunt Brothers of 1980 defaming.
The silver bullion industry does not sell one-ton silver bullion bars. Think about a 32,150.7 oz silver bar. That would be a silver bar weighing over a short ton or 2,204 lbs. Too big to move easy.
So typically silver investors who want to acquire a tonne of silver bullion or more in their investment portfolio. They will buy large low premium 100 oz silver bullion bars like the ones in the video below.
Modern 100 oz silver bullion bars, tend to have middle to low single-digit premiums above the fluctuating silver spot price in their ask prices. These same 100 oz silver bullion bars typically yield at or just below the fluctuating silver spot price in their bid price. In other words, when selling silver bars of 100 oz size to bullion dealers, you will get a bid price right near the silver spot price at the time of sale.
The most popular silver bullion product in the world remains the 1 oz American Silver Eagle Coin. It is not unheard of to have millionaire investors buy two pallets of these 500 oz US Mint boxes full of silver bullion to the tune of over a ton of silver (i.e., +32,150.7 troy ounces).
What does a ton of Silver look like in the real world?
The image we used for this SD Bullion blog shows 288 one thousand ounce bullion bars stacked on 12 pallets.
That is nearly 9 tonnes of silver bullion in that image alone.
In the following video clip, it would take buying 1000 pieces of this 1 kilo sized silver bullion bar to equate to one ton of silver.
1,000 of these Kilo Silver Bars equals a Ton of Silver
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.
Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.