Physical Silver Investment Quiz

Question 1

What purity level should you purchase for investment-grade silver?

Accepted Answer

0.999 fine silver

Answer

0.900 fine silver

Answer

0.925 fine silver

Answer

0.995 fine silver

Question 2

Which silver coin is described as the world's bestselling silver coin?

Accepted Answer

American Eagle Silver Bullion Coins

Answer

Canadian Silver Maple Leaf

Answer

Austrian Silver Philharmonic

Answer

Chinese Silver Panda

Question 3

What does "junk silver" refer to?

Accepted Answer

Silver coins dated 1964 or earlier with no collectible value

Answer

Low-quality silver products

Answer

Damaged silver items

Answer

Industrial silver waste

Question 4

How much does a $1,000 face-value bag of junk silver coins weigh approximately?

Accepted Answer

55 pounds

Answer

35 pounds

Answer

45 pounds

Answer

65 pounds

Question 5

What is the typical weight of a 100-ounce silver bar?

Accepted Answer

6.8 pounds

Answer

4.8 pounds

Answer

8.8 pounds

Answer

10.8 pounds

Question 6

True or False: Physical silver eliminates counterparty risk.

Accepted Answer

True

Answer

False

Question 7

What is the main disadvantage of home storage for physical silver?

Accepted Answer

Theft and damage risks

Answer

High ongoing costs

Answer

Limited access

Answer

Legal restrictions

Question 8

What should you look for in professional vault storage?

Accepted Answer

Banking system independence and full insurance

Answer

Banking system integration

Answer

Unallocated storage only

Answer

Minimum storage requirements