Financial Trading Solutions

Silver is equal to gold now.
Many people are strongly interested in investing their funds in precious metals. It goes without saying that in most cases people are likely to choose gold as their primary asset for investment. But please don’t hurry up with injecting your savings in gold because currently silver is supposed to be much better variant for this purpose. Let me explain why.

First of all you should know that silver is used in different industries. For example silver is used in the manufacture of computers, cell phones and other electronic devices. This means that the modernization of such countries as China, India and Vietnam, as well as regions of Eastern Europe can push the demand for silver upwards. That’s not all. The matter is that silver is also used in medicine. To my great regret only a few people know that silver was used throughout the history of mankind as a perfect germicide. I’d like to add that modern medical devices such as catheters and stethoscope contain silver and in medical institutions silver sulfadiazine is often used to prevent infection.

You should also know that the general amount of silver is much less than gold. Gold has not dissipated. It is estimated that 95% of all mined gold has not disappeared. As for silver I can say that about 95% of the total mined silver has been used for various purposes. Forty-five percent of all silver produced is used for industrial purposes. Only 28% has gone to jewelry, and 20% is used in the of film production. Only 5% of silver is in coins.

Silver supplies are quite limited. According to available data, before 1900 the world had 12 billion ounces of silver. By 1990 that number dropped to 2.2 billion ounces. By 2007, stocks of silver fell to 300 million ounces. According to the most pessimistic forecasts global stocks of silver will end after 10 years. This could have disastrous consequences for the entire world economy. Ten years later, silver can also seriously affect the world, like a barrel of oil, valued at $ 200.
As any precious metal silver is also money. And with the collapse of the US dollar, gold and silver are considered to be a reliable insurance against loss of value. As more and more people understand that their cash is just a sort of rubbish. It’s very sad that real estate has become a gamble and that the stock market is too unstable. So under such circumstances silver can be a reliable support.

I should remind you that more recently, there were silver exchange traded funds that allowed investors to gain access to this precious metal. It’s just the extra information for you. But the main thing is that silver isn’t worse than gold especially when taking into consideration the weakening US dollar.

Right now during recession lots of people resort to selling their gold to get some cash. Nothing new in the cash for gold scheme. But you can be losing serious money when getting cash for gold if you work with the intermediaries on this market.

So, if you are seriously interested to get fair cash for gold, then visit this web site for more details.