Monday, April 6, 2009

Investing in silver

Whilst silver doesn’t quite have the same cache and charisma as gold it still has solid investment potential.  Silver has been valued since ancient times as a precious mental and has been used to produce ornaments, jewellery, cutlery and currency coins.
Although as a general rule, silver prices tend to rise and fall inline with gold there are other factors which govern the price of silver.  
For example, industrial demand for silver has grown consistently for the past three decades and is key to the way that silver behaves.  

Silver has huge industrial appeal because of its unique properties, including strength, malleability, and ductility.  It is an unparalleled electrical and thermal conductor and has the ability to withstand huge temperature fluctuations. 

Silver plays a big part in conventional photography and so some impact has been felt with the rise of digital imaging but its uses are varied and constantly developing.  It’s also used in mobile phone and solar power technology and in medicines.
It is likely that the price of silver will strengthen during the global recession as consumers look to less expensive investments. Financial experts are suggesting that now could be a very good time to invest in silver bullion. 

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