People usually buy silver to be a decorative item. Silver is rare,and its reflective properties make it desirable for making jewelry and other fine art objects. Silver is very useful in combating certain diseases,and is resistant to other chemicals and oxidizing agents. Some people think that silver is valuable because it conducts heat and conducts electricity well,and it is very well suited for manufacturing electronic devices. Silver is a material commonly used to manufacture medical,electronic and technology products.
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Many people have been buying silver because it is cheap,and many companies promote silver as an investment.
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On the other hand,- are like purchasing insurance on your net worth. While proponents of gold and stacking consider it an income-generating asset,others call them “dead” assets. Silver and precious metals may not be ways to produce wealth,but rather they are assets that contain wealth that you can later use to invest in your retirement plans. Some people consider precious metals to be an alternative currency. If the price of silver goes up from $18 to $80 an ounce,the owner will not become richer because of the increased value of silver; it is simply an investment policy. Silver is very valuable,but its true worth is based on the value of other assets. If the dollar price of silver goes up in the same time as food,stocks and Real Estate go up,you don’t gain purchasing power,you simply keep the same purchasing power.
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It is difficult to know what to do with silver and gold,or whether it’s even the right time to - or not,and many people decide to use it only as an investment. If someone is ready to put savings into their retirement account,or hedge against a currency,gold is typically the better option. Many investors are willing to invest in silver because of its higher upside potential. Survivalists who foresee an imminent reckoning use silver for bartering in small amounts. Certain precious metals products are eligible for inclusion in individual retirement accounts,and in certain states like Texas,they’re also tax exempt.
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Since the 1940s,silver has been a popular way to diversify your investment portfolio by buying tangible assets. When the economy is shaky,investors use silver bullion bars for wealth preservation. It is cheaper to invest in silver than to buy gold,because it is easier to buy small amounts of silver and have them build up over time.
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Silver is a naturally occurring element,which has the symbol Ag,meaning “silver.”
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Silver,a natural element that is found in the periodic table of elements,is referred to as “argentum” (from the Latin word for “silver”) because it is very common. Silver comes from the Anglo-Scandinavian word siolfur,which means silver in English. Silver began to be mined in Asia around 3,000 BC. Documents that date back to ca. 3,000 BC indicate that silver was used in China during the early 1900s to make silver bars. Early records suggest that the first people to produce silver from a silver mine were the Chaldeans. Silver is the first precious metal to be discovered in the world. It is used in many countries around the world,but silver was first used in Egypt by the Romans in 750 BC.
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Silver is the second-most valuable precious metal,after gold; a gold rush in 1821 led to the discovery that silver was found in the Americas. Spanish investors forced native peoples to mine silver for a large profit. The result was that Bolivia,Peru,and Mexico produced 85 percent of all silver produced and traded worldwide between 1500 and 1800.
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Over 880 million tons of silver are mined every year.
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Most silver is extracted by stripping lead from old silver mines in order to extract silver. Galena,a mineral that occurs naturally in various lead sulfide rocks,is an excellent investment because it is very safe. Often,silver that is found in the mineralized gold that occurs in the mine is worth more than lead. Silver is very toxic because it is made from lead,which is extremely toxic. Some slaves in South America,who mined 70,000 to 150,000 tons of silver between 1500 and 1800,died of lead poisoning within two or three years.
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Because pure silver is often enriched with precious metals such as gold,lead,or copper,miners often turn to a different mine to produce other valuable mineral ore. Pure silver is extracted from silver ore by way of smelting.
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Where Should You Buy Silver Bullion?
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Silver can be purchased in many different forms,as long as the buyer can pay the right price for it.
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Bullion: Silver bars that are made from silver that is at the very high purity level (99.9%) or a silver bullion that is produced by a government mint.
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Government mint coins,including the American Silver and Gold Eagles,and the Canadian Silver Maple Leaf.
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Medallions and Silver Rounds are actually round pieces of silver that look like small coins,but are not legal tender.
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When buying silver,pay attention to the fact that smaller,minted silver bars are more costly than regular bars. This is because the cost of minting,manufacturing,and packaging of smaller silver bars is higher. Some people decide which type of silver to buy based on what they can better turn to in the event of an economic emergency. For example,when a market crash is underway,buyers of large silver bars would be much more difficult to find than buyers of smaller quantities.
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What does Silver sell for on the open market?
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This is based on the rate at which silver is currently traded on the major international commodity exchanges. The price that people pay for the silver bullion depends on the spot price and the bullion premium,which varies widely. Premiums vary by volume of silver,and are also affected by expenditures such as the production process,packaging,and marketing. Silver’s spot price is affected by commodity markets,supply and demand,and the state of economies worldwide.
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Because silver is a scarce commodity,people need to continually replenish it in order to obtain the resources that they need.
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It is difficult to predict silver’s future value based on current global monetary and interest rate markets and other factors,but silver is increasingly valuable due to its intrinsic value and its inherent ability to conduct a safe,stable investment strategy,and its accessibility at -.
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Bullion premiums are added to the price that a product is sold for,based upon the fact that it is worth more than its spot price.
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Silver has been in demand for consumer electronics due to its conductivity. Likewise,medical instrument manufacturers demand continually higher quantities of silver for use in the manufacturing of surgical instruments.
