SILVER FROM LAOS & ALL YOU NEED TO KNOW

WHEN BUYING SILVER INGOTS OR NUGGETS

Varieties of handmade gold, silver or precious stones are widely sold in 'Talat Sao' (Morning Market) Upstairs in this morning market you will find gold, silver and antiques and this is the best place to buy silver. Thai tourists and many others go into Vientiane to buy gold which is cheaper than in Thailand. The gold found in Laos is 99.99% pure and is sold at a set price per gram. To many westerners, the colour of Lao gold seems a lot more brass looking – but it is true 24 carat gold. Silver is a more reasonable and traditional Lao product and you can buy ingots there – silver is also sold by the weight so is a good investment now as silver will increase in value. Some silver and copper items exported from Laos are subject to tax according to weight.

Silver bar ingot A 'tiger's tongue' This is in the British Museum

Thai kingdom of Lanchang (Laos), around AD 1800. From the13th-19th centuries, the monetary system of the Thai people was based on the use of silver ingots, valued by their weight. Each region had its own bar-shaped ingot. Laos used bars with tapered ends. Because of its shape, one form is known as 'canoe' money; another flatter type with rounded, blunt ends, illustrated here, is called 'tiger's tongue'. Around the rim on one side it has a double border of running dots or small rings, several of which have merged together. In the centre is a line of three snake-like stamps. This particular symbol is known as Na and is commonly said to represent the cobra who protected the Buddha as he lay sleeping. The most common size of bars we get are:- One Kilo; Ten Ounces; One Ounce

5 Gram Silver Bar 999 Fine Pure Silver Ingot Bullion

Historically, silver was used as the standard for currency around the world. Although silver minted coins are no longer in wide use, investing in silver still provides a great return. Recently, silver has been outperforming gold in growth potential. Remember that it is forbidden to take any antiques or Buddha image ( older than 50 years ) out of laos. Silver bullion bars are invariably .999 silver, which means 999 parts per thousand pure.

SILVER BARS

From the small one troy ounce of silver to 10 ounce and one kilo bars and more. All silver bars should be 99.9 percent pure.
Silver bars are produced by mints and refiners. Refiners usually produce silver ingots & these Silver ingots are the larger bars and tend to be rough and are used by jewelers and for industrial purposes. The smaller silver bars by industry and the public and the 1 and 10 ounce bars are investments. The size, weight and maker should be stamped on each bar.

Silver has become more popular recently and silver bars are a good investment for the future.

Silver bars are probably not as popular as silver coins and the small one ounce bars are really only for collectors as the mark up and shipping costs outweigh the investment value. 10 and 100 ounce bars are better for investment value. However care is required when you buy the ten ounce bars as it is possible to buy a counterfeit bar quite easily. With counterfeit bars, holes are drilled in the side and lead is pored in. Then the holes are covered with silver and it is almost impossible to tell this has been done.

Bari Gems and Jewellery - was Laos' first gems dealer Bari Gems and Jewellery 366-388 Samsenthai road, Vientiane, Laos PDR. P.O. box 1405 tel: (+856-21) 212680 Fax: (+856-21) 222974 email:info@barigems.com

Located within the Royal Palace, the Silver Pagoda is so named because of its floor, which is made up of 5000 silver tiles. The treasures found include a solid gold Buddha encrusted and weighing 90kilogramss and a small 17th century emerald and baccarat crystal Buddha.

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