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Legislators in the United States show interest in introducing alternative s to paper money in their respective constituents. More than a dozen US states have stated interest in issuing an alternative currency, particularly the debut of gold and silver coins.
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Though silver is one of the precious metals, it is also used as a raw material in various industrial processes.
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Though silver is looked upon as secondary or metal with lesser importance than gold, many people don’t know that silver is far more in demand for its industrial usage.
Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
The weak global economy has had negative effects on the markets of almost every commodity. But, the market of silver, a commodity considered one of the precious metals, is flourishing like never before!
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According to the Colorado State Senators, a bill is in the process where silver and its counterpart, gold, will be legalised for currency uses. Copying alike provision, other 12 states along with Utah is trying to do the same. Continue reading
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Though 2011 showed a comparatively low future for silver and gold, the new year has an optimistic future and options for Chinese investors.
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Evaluating the reports of 5 years, it’s expected that the silver prices will increase up to 300 %. According to the latest report, silver prices are assumed to be jumping at 33.75 an ounce. Continue reading
Gold, silver and prices on other precious metals rose on the news of the EU sanctioning a gradual ban on Iran oil and all trade in diamonds, gold, silver and petrochemicals with the Iranian Central Bank. The measures also imply a ban on the delivery of new coins and banknotes to Iran. Continue reading
With lots of speculations going in the market, investors are confused about the future of silver ETFs. They presume that the prices of silver and silver ETFs will slug down because of the ongoing alterations in the global market. Continue reading
Credit: Nevit Dilmen / CC-BY-SA 3.0
Today’s fashion trends show that silver jewellery is highly in demand, much more than gold jewellery. Because the silver prices are far less than those on gold, silver jewellery is sure to hypnotize the world for many years more, say the silver and fashion industry experts.
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