Coin collectors and investors in silver have been awaiting a special edition item that has finally been released. The Chinese Ancient Mythical Creatures coin is a popular and spectacular item and is minted as a 5-ounce, 99.9% silver proof coin. Only 1000 of the coins have been released by Perth Mint, Australia, for the nation of Tuvalu, under whose authority the $5 coin has been declared legal tender. Continue reading
Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
Chris Marchese, the co-author of The Silver Manifesto and analyst for The Morgan Report, expressed in detail his belief that the worldwide prices of silver will rise as investors turn to global standards. Continue reading
February the 6th of this year, 2015, it was made known to the public. The United States mints in West Point and Philadelphia will begin making the new 2015 March of Dimes Exclusive Silver Dimes. Each new dime will have the letter stamped on it to identify where it was minted. The stamp will either be a (W) for West Point or a (P) for Philadelphia.
The 2015 March of Dimes also confirmed that the exclusive Silver Dimes would be on sale in March of this year 2015. This is the best time to plan how to get your special Exclusive coin. It is unclear if a % will actually go to The March of Dimes Foundation.
The dimes will feature a picture of President Roosevelt on the front, and an infant on the back stamped The March of Dimes. The March of Dimes is a foundation that raises money for medical research and medical cost for infants and children who are stricken with a congenital disability.
The current silver prices have not as of yet been affected by the minting of the new coins. The current silver price stands at $16.50 per troy ounce. However, once the dimes are in circulation, the silver coin prices may change drastically.
The reason for the increase is because of investors and collectors. When the silver dimes go into circulation, the silver investment may increase. Silver investment is a good form of investing, especially if you can store the silver. The same can be said with a vast coin collection. An avid coin collector needs to have the proper amount of space to keep large rare collections.
Silver investors and silver dime collectors want special coins like the 2015 March of Dimes exclusive Silver Dime. Once it is made available in March, collectors and investors will stock up on them.
The Chinese Gold and Silver Exchange Society. Credit: Ahleong / CC-BY-SA 3.0
The Chinese Gold & Silver Exchange Society (CGSE) aims at the bright future of silver trade in Hong Kong and plans to step forward to play a larger role in the silver trade. Continue reading
The rising prices of silver have been attributed to India’s renewed interest in white metal. In the third quarter of 2012, silver prices rose 25% thanks to increased volatility and healthy returns on silver ETFs. This behaviour change has subsequently attracted investors who have typically favoured gold investments, including gold’s own country – India. Continue reading
Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
ETF stands for an “Exchange Traded Fund”, a type of investment. Silver ETF is an investment plan where one invests money in the silver investment market.
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The precious metals investment market sends vibes that the increasing prices on silver metal will only continue to go even higher. And hence, this period is considered the best time to invest in the silver market before silver prices peak. Continue reading
Credit: Alchemist-hp / CC-BY-SA 3.0
China and silver have enjoyed a strong bond right from when it still issued a silver related currency in the early twentieth century. The entry of China into the global silver market is likely to end COMEX manipulation and reduce the volatility of the precious metal to a certain extent.
Silver needs to discard the volatility tag that gives it such a bad image. Also known as ‘devil’s metal’ by some traders, China’s entrance may further reinstate traders’ belief in silver as an undependable asset. But sooner or later, silver is bound to find stability.
Chinese retail investors are attracted to silver investment for its lower price than gold. The Asian country is one of the largest silver miners and the biggest consumers of industrial silver. At present, silver bullion and jewellery have attracted many investors doubling their investment with passing days. China is also a major importer of silver for industrial and fabrication purpose, mainly in electronic and solar products.
Credit: Rob Lavinsky, iRocks.com – CC-BY-SA-3.0
Peru, the second-largest silver producing country globally, is experiencing a downfall in the silver market. Eclipse to the profits of mining companies in Peru is the indicator of decreasing financial benefits of companies.
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According to the Reuters report, the U.S silver stocks hit the highest mark on April 16, 2012. A spokesperson at US exchange operator CME group that owns COMEX reached 284.28 million ounces on the day.
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