Silver As Currency
The use of anything other than our current money may seem far-fetched, but alternative currencies are increasingly becoming a legislative issue.
The use of anything other than our current money may seem far-fetched, but alternative currencies are increasingly becoming a legislative issue.
IB Times reported that silver coins have been repriced by the US Mint and are back on for sale.
The growing attitude towards silver as an investment tool in China is adding significant demand for the white metal. Imports of silver to China reached a record last year, and continue to be strong. As concerns about the strength of the economy grow, Chinese citizens are looking to silver as a safe haven asset.
Silver prices rose today as uneasiness over the US dollar and tensions in Egypt casts clouds over the market. Demand for the metal remains high, and bullion dealers are continuing to struggle to fulfill orders for bars and coins.
Silver Coins Today reports that January 2011 sales of Silver Eagle bullion coins shattered the all-time monthly record when they hit 4,588,000 this week.
Silver is feeling the pressure from both the precious metals sector, with gold dropping to its lowest close in three months, and the industrial sector as investors worry that the economic recovery is stalling.
Fearing the rise of inflation due to the reluctance of central banks to change historically low interest rates, investors are looking to silver. This practical guide shows newbie investors how to enter the silver market in all forms, either in bullion, ETFs, futures contracts, or through direct investment in mining companies.
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