South American Silver Corp declared its first closure of $6.4 million on 16 April 2012. Final closing is expected to occur on or before May 11, 2012, for the remainder of the Offering. Continue reading
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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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Gold Resource Corp. – a low-cost gold producer, is launching the Gold and Silver Dividend Program on April 10, 2012, for its shareholders.
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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.
On Monday, 5th March 2012, Royal Canadian Mint unveiled new commemorative 99.99% pure silver collector coins to mark the 100th anniversary of the Titanic sinking that went down on April 15, 1912.
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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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The near future of precious metals such as silver and gold seems cloudy. Prices on these shiny metals are declining as a result of the dollar’s rally. The dollar went up high by 6% last month, and at the same time, gold fell by 11%.
Ancient Greek Silver Coin (Dekadrachm), about 400 B.C.E. Credit: Flickr / PD Photo
Silver coins have been valued throughout the centuries. Earlier, the coins were made from pure silver, while the coins minted in the later centuries inevitably have some alloy mixed in the silver. This makes vintage silver coins more precious and rare, adding to their net worth. The more rare and scarce it is, the more is its monetary value.
Some industry analysts believe that the depleting resources of silver will raise the silver coin prices even higher. Various prices come into view that affects the prices of silver coins. A tottering economy, global economic turmoil make silver coins attractive options for their investment portfolio. Not only is it a precious metal but also a metal used for commercial use.
The use of silver coins as a monetary currency is halted as the silver mines grow small. As a result, the prices of silver coins keep on soaring. So investors who have silver coins in their investment portfolio might do really well soon.
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Due to dim demand from stockists, both precious metals, gold and silver, continue to lose for the second consecutive session. Both the precious metals showed a run-down phase in the national capital. Continue reading