The price of silver

by goldbullion on 03/03/2012 - 01:29 pm |

Tags: Metals Investing, Silver

The price of silver

For thousands of years, silver has been used as a convenient way to store wealth and as a trusted form of currency.  Silver and gold have traditionally been the two precious metals used in this manner.  Silver is still a popular commodity, especially among those who wish to secure their savings against future changes in the value of their countries' currencies.  Its low value relative to gold makes it far more affordable for the average consumer, and many national governments mint silver coins in order to sell them to its citizens and raise revenue.   Potential buyers should keep a close eye on the current market value of silver before buying silver bullion. The price of silver, much like the prices of other commonly-traded commodities, fluctuates with supply and demand.  Silver's market price as of February 2012 is around $33 per troy ounce.  The trends in both silver and gold prices have a very loose relationship with each other because they are both popular stores of wealth, and the ratio between silver and gold prices is commonly tracked by investors interested in precious metals.   The price of silver has held on a general upward trend for the past ten years, rising from around $5 per troy ounce to over $30 per troy ounce in the current market.  The value of silver has risen partly because of its high demand as an alternative store of wealth in these unsure economic times.  Many investors holding serious concerns about the fate of fiat currencies such as the Euro have sought refuge in precious metals, and consequently, the price of silver has risen in recent years.  Silver prices do fluctuate, but the long-term investor should feel secure in the fact that for four thousand years, silver has been a trusted, valuable and highly versatile commodity.
 

Gold Bullion

by goldbullion on 03/03/2012 - 01:28 pm |

Tags: Gold, Metals Investing

Gold Bullion

Gold is one of the most useful and trusted investments in human history.  For four thousand years, we have been trading it, using it in alloy form to make jewelry, and making coins out of it for use as currency.  Today, gold still retains roughly the same buying power per ounce as it did in ancient times, so it is obvious why so many people value gold as a safe investment.   In order to make the coins and bars of nearly pure gold that are commonly traded on the market, gold must first be processed into a pure form.  Gold is mined from the ground in ore form mixed with many other metals such as silver, zinc, and pyrite.  Mints use chemical processes to separate the gold out from the other metals and melt it, and then they press the gold into bar or coin form.  Gold bullion, as its purest form is known, is composed of at least 99.9 percent gold.   Many mints and financial institutions throughout the world manufacture gold bullion, some of the best known being Credit Suisse, Engelhard, APMEX, and Northwest Territorial Mint.  The governments of the United States, Canada, and Mexico, among others, also mint gold bullion, usually in the form of legal tender.  Real gold bullion always bears particular marks.  Usually, the mint will stamp its own mark into the gold coin or bar, along with the mark ".999" or "99.9" and "Fine Gold".  These marks all indicate that the item in question is indeed gold bullion.  Those who are interested in buying gold bullion, whether as an investment or as a hedge against inflation, can easily find it in both coin and bar form in stores that specialize in the trade of gold and silver.  Gold bullion is also available for sale online at various mint and precious metal trading websites.
 

Investing in physical silver bars for...

by goldbullion on 03/03/2012 - 01:23 pm |

Tags: Metals Investing, Silver

Investing in physical silver bars for 2012

Anyone looking to protect their wealth from inflation may want to consider investing in silver. Silver bullion and silver bars are fast becoming a popular way to hedge wealth against the ravages of an unstable market. While the silver market fluctuates rapidly on a day to day basis, its overall projection is upward. Historically, silver prices have kept in a much closer ratio to gold prices. The disparity in the price as of 2012, leaves silver with much room to grow. While some people prefer to play the market and purchase silver shares, wise investors are turning to actual physical metal in order to diversify their financial portfolios.   The purchasing of silver bars in their physical form is a great way to begin to collect precious metals. Silver is far more affordable than gold to the average investor and physical possession can be acquired from local coin shops or over the internet. When shopping online, it is important to look for reputable sellers with positive selling histories. There are many sellers that sell direct from US mints. Often times, one silver bar can be stacked upon another, making them the perfect addition to home safes or safety deposit boxes in banks.    Best of all, many brands of silver bars are approved to be included in such things as retirement and IRA accounts. It is best to check with your financial planner to ensure that you are purchasing bars that qualify if you wish to invest for this purpose. One of the main reasons for the continued rise in silver prices is its use in industrial and technological goods. Items such as cell phones and other mobile devices rely on silver production. This fact, along with increased demand from countries such as India and China, all serve to make silver bars a wise investment.
 

Gold Coins

by goldbullion on 03/03/2012 - 01:20 pm |

Tags: Gold, Metals Investing

Gold Coins

Gold coins are coins that are made mostly or completely of gold. Gold has been a primary component of coins since the earliest era of coin-making. Early on, coins were minted of gold largely because of gold's intrinsic value. In modern times, gold coins are sought by collectors or as a source of bullion itself. Gold coins remain common currency in some countries, but for the most part gold coins are sought for collection and investment.   The collector value of coins depends on a number of factors, including rarity, age, condition, and the number available. Popular coins today include the Aureus, Solidus and Spur Ryal. Bullion coins, on the other hand, are held not as collectables, but purely as a store of value and an investment. Bullion coins are normally sold by weight, measuring in fractions of the troy ounce. The price of bullion coins carries a premium over the market price of gold, due to the cost of manufacture, storage, and distribution. Bullion coins are also made from precious metals other than gold, including silver, platinum, and palladium. Bullion coins are minted by the national mints of various countries, including the United States, Canada, France, Israel, China, and the United Kingdom. Bullion coins also originate in countries that are former territories of major countries, including Malaysia and Kazakhstan.   Gold coins have become a prized investment method over the last several years. Gold bars are also purchased and held for investment, and in fact carry a smaller premium over market price than coins, but the purity of coins is more readily assured than that of bars, and coins are easier to keep and store. The appeal of both is the surety against financial calamity provided by gold. In times of heightened financial risk, gold becomes a preferred store of value and means of investment. Gold has proven itself a successful investment over recent years, with the price of gold climbing from around $600 per ounce in 2008 to its current price of over $1,700.
 

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