in About Silver
The Robin to Gold's Batman
In the world of precious metals, silver spends a lot of time in the shadow of its big brother, gold, but over the past two years, gold prices have increased by about 50% while silver has shot up more than 150%!
Bullion may come in coin or bar form and its value is principally based upon its precious metal content plus the cost of production, which rises or falls with the spot price.
You may already be familiar with bullion coins such as the American Silver Eagle, the Canadian Silver Maple Leaf, Silver rounds, and the Silver Austrian Philharmonic. These easily recognized coins and bars allow investors and institutions to move in and out of silver bullion easily and swiftly, which is important in bullion transactions. Bullion's value, as mentioned above, relies solely on its weight in silver (or gold) and fluctuates with the market.
The current silver inventory held above ground totals 1 billion 400 ounces, and the annual industrial amount used is 900 million ounces. Comparatively, gold inventory above ground is 3 billion ounces and the industrial amount used is 20 million ounces. Over 45 times more silver is used each year than gold!
Whether you have $50 or $500,000, silver is the affordable investment for anyone wanting to get in on precious metals.
For more information on investing in silver, visit the Capital Gold Group website or call our 24-hour line at (800) 510-9594 today!