Nov
02

Why Silver? Part 1

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Buy Silver Bars - Buy Silver Bullion

Throughout history, silver bullion has served mankind as a primary monetary metal. It is durable, divisible, convenient, has utility value, and cannot be created by fiat.

However, unlike its fellow monetary metal—gold—silver is most commonly used today as an industrial commodity. Industrial demand for silver has grown consistently for the past three decades because of silver’s many unique properties, including its strength, malleability, and ductility…its unparalleled electrical and thermal conductivity…its sensitivity to and high reflectance of light…and its ability to endure extreme temperature ranges.

In addition to its industrial uses and qualities, silver is also used in numerous health care products because of the unique antibacterial characteristics that it possesses. The “Silver Bullet” is used by hospitals to prevent bacterial infections in burn victims. Wound dressings and other wound care products incorporate a layer of fabric containing silver for prevention of secondary infections. In a world that is showing increasing concern about the spreading of disease and potential pandemics, silver is increasingly being tapped for its microbicidal qualities.

Silver bullion

It is estimated that more than 95% of all the silver ever mined throughout history has already been consumed by industrial use. That silver is gone forever, unrecoverable at any price. In 1900, there were approximately 12 billion ounces of silver in the world. Today, that figure has fallen to about 300 million ounces of above-ground, refined silver. This means that at current prices, it would only take about four billion dollars to purchase all of the above-ground silver in the world today.

Anyone who follows world headlines is certainly aware of increasing and ever-present geopolitical instability. This, combined with the evolving macroeconomic landscape, can be viewed as bullish catalysts for the silver market. Silver’s historic role as a store of value and investment, and its increasing demand in an environment where growing industrial use exceeds available new supplies, further suggest a bullish trend for this versatile metal.

Some of the world’s leading financial analysts believe that silver is one of the world’s most important commodities, with unparalleled investment opportunity for the future. Silver’s unique properties, which make it ideal and essential for global industry, create a situation where there is simply no substitute. In addition, silver prices at times have been extremely volatile, making silver an attractive investment and trading vehicle.

Authorized by Congress in 1985 and first minted in 1986, Silver Eagles are pure .999 fine silver, the finest silver coins ever minted and distributed in the U.S.A. Each coin contains one troy ounce of pure silver and measures 1.598″ (or 40.6mm) in diameter with a thickness of .117″ or 2.98mm. They are impressively large and substantial coins…America’s only official investment grade silver bullion coins…and make a handsome and worthwhile addition to any investment portfolio.

They are also considered by many to be one of the most beautiful coins ever minted anywhere in the world. Their obverse design is based on the U.S. “Walking Liberty” half dollar, first minted in 1916 and designed by German-immigrant sculptor Adolph Alexander Weinman, who also designed the famous U.S. “Mercury” dime, also introduced in 1916.

The reverse side of the coin features a bald eagle and shield, with 13 stars, representing the 13 original American colonies, positioned above the eagle’s head.

The silver American Eagle is minted in the U.S. Mint’s West Point, New York facility, and is a legal tender U.S. coin with a face value of one U.S. Dollar…granted, a largely symbolic amount, since the market price of one ounce of silver has been many times greater than one dollar for more than four decades.

Silver Bullion American Eagles Coins are available from ISN.

U.S. Silver Eagles can be an affordable, cost-efficient way to get started in precious metals investing, and to diversify one’s nest egg with a sound hard asset investment backed by the U.S. government. The coins are widely recognized, and easy to buy, sell, transport and store.

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Randy Chambliss

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