Monthly Archives: June 2015

Silver Investment in 2015

Silver-nugget

Silver is a greyish-white metal with a soft and shiny appearance. Silver is a chemical element with the atomic number 47, and Ag as its chemical symbol. It is found in lead and copper ores, and it’s used to make coins, art pieces, jewelry, and utensils. Currently, silver metal is used in industrial applications, photography, electronics, and dentistry. Silver, like oil, is used for thousands of industrial processes in day-to-day conveniences like batteries and solar energy. The demand for silver is inelastic, and even if the price goes up, there are particular industries that cannot do without it. For example, computer and smartphone companies will still use it and pass on the cost per unit to consumers.  Continue reading

Royal Canadian Mint Releases $30 Battle of the Atlantic Silver Coin

Credit: Royal Canadian Mint

Credit: Royal Canadian Mint

During the six long years of Second World War, the naval warfare endured by the Allied forces in the waters of the Atlantic Ocean was strongly supported by the Canadian Merchant Navy who provided them with the much-needed personnel, food, fuel and weapons. In the absence of Canada’s help, a crucial Nazi victory at sea could have starved Great-Britain into capitulation. To commemorate Canada merchant navy’s valuable help, the Royal Canadian Mint has released the 2015 Canada’s Merchant Navy in the Battle of the Atlantic 2 oz. Fine Silver Coin. Continue reading

Sales Of US Silver, Gold Coins Drop to 10-Month Lows In May

Chinese Creatures Silver Coin

Chinese Creatures Silver Coin (Credit: US Mint)

As per preliminary reports from US Mint, sales of silver coins hit a 10-month low in May. Hardly 2.02 million ounces of American Eagle silver coins were sold in May, the weakest total since July 2014 and down by almost 28% from 2.8 million ounces in April. American gold Eagle coins sold 21,500 ounces in May – 27% down from the previous month and the lowest level following February. Continue reading

US Mint Lifts Allocation of American Silver Eagle Bullion Coins

American Eagle Silver Bullion Coin  Obverse (Credit: United States Mint)

American Eagle Silver Bullion Coin
Obverse (Credit: United States Mint)

After a nearly seven-month purchasing restriction, the US Mint announced on June 1, 2015, that the American Silver Eagle coin is now available, in unlimited quantities, for order by authorized purchasers. The allocation was set in place last November when consumer demands exceeded the mints supply of silver metal coins. Such rationing has been utilized, as necessary, since 2008 with periods of enforcement from six to sixteen months. Continue reading