Silver has been a good-returning asset over the past 12 months and one of the main reasons for this is that Silver is real money. The value of gold and silver has increased in recent years as paper currency has become more unstable, fluctuating with economic conditions. Even though paper currency is the most common form of money today, in terms of history, gold coins, silver coins and bullion have been used as currency much longer.
Silver, like Gold, has been used as currency since around 570BC. The first coins were made of a metal known as electrum and this was an uneven mixture of gold and silver and sometimes copper. This became a popular material for other countries to use to make their coins. There was a problem however. Because of the uneven amounts of gold and silver used, it was difficult to determine a true value of the coins. This problem was solved once the process of separating the gold from the silver, was developed.Then the first gold coins were produced (around 560BC). So although electrum remained popular, gradually gold and silver coins became the standard form of currency used for trade throughout the world.
Paper money was developed first by the Chinese around 600AD, but these notes were really promissory, and guaranteed they could be traded for coin whenever wanted. Paper money was always backed by gold and silver and had real value. Today?s paper money, however, is no longer backed by gold or silver, and is known as Fiat money. Fiat money has no intrinsic value or guarantee and is losing value every year. Currently the sale of silver and gold coins is becoming popular around the world as they are seen as more valuable than paper currency. So also converting your paper silver and gold assets into physical silver and gold coin could benefit even the smallest investor.
Interestingly, and unlike Gold, Silver has more value than just as currency and jewelry. Where Gold is stored or used mainly as jewelry, Silver has many more uses and is being used up. Silver has many unique properties that are very much in demand in today?s modern technology driven society, and is used in both the manufacturing and medical industries.
Then it is gone,and gone for good. Also, unlike Gold, there are no stockpiles of silver left, and this makes Silver a very valuable commodity in any form.So even converting your paper silver and gold assets into physical silver and gold coin could benefit the smallest of investors.
That means owning physical Silver has many advantages to any investor. Buying Silver coins or bullion could really help you make up for loses incurred through the current economic crisis. They could be a great hedge against inflation.
Looking for a great, effective and simple way to own physical gold and silver, visit http://www.buysilvercoinonline.com/ and learn how for your future economic security.
from ezine articles
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন