In April 2011 the price of silver reached an all time high of $49.76 a troy ounce. It bounces along, far behind gold, on the world market at a rate of about 1:58
Say you want to melt down your 100 gram silver bracelet. At todays price of $21.31 an ounce you would have about $75. worth of silver. The same bracelet in gold would get you $4350....today one gram of gold costs 58 times what one gram of silver costs.
Silver, gold and platinum sell on the commodities market just like soybeans, crude oil and feeder cattle. These are investments and while most investors don't take possession of their commodities, I do. And you can, too.
Owning and wearing silver jewelry, and gold jewelry too if you can afford it, may not be as financially efficient as buying bullion....although it might be....still, it is a fabulously stylish way to invest.
Precious metals...platinum, gold and silver... may be the last hedge against everything that goes bump in the markets and you may as well look gorgeous while being an exquisitely shrewd investor.
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