Silver is, without a doubt, one of the hottest investments of the twenty-first century. At around $34 an ounce currently, it has appreciated nearly eight hundred fifty percent since 2001. It is our belief that silver has not yet even entered its major growth phase. We are certainly not alone in forecasting triple digit prices for this precious metal in the near future.
Although silver has enjoyed sensational gains over the last decade, it is, in our opinion, still extremely undervalued and under appreciated by the great majority of savers and investors. We estimate that as of yet, far less than one-tenth of one percent of the investing public has any form of silver in their portfolios. One of the primary reasons for this is that silver is either completely ignored by the mainstream business community or ruthlessly attacked by it whenever the metal undergoes any type of correction.
As a service to all readers who may have an interest or even a curiosity in silver’s value or relevance to the world economy, we present these fascinating facts.
1 Silver coins have been used as money since 700 B.C.
2 In ancient Egypt and medieval Europe, silver was often considered more valuable than gold.
3 King Henry II coined the first silver currency of England in 1158.
4 In at least fourteen different languages, the words for “money” and “silver” are the same.
5 Of all the elements, silver is the best conductor of electricity and the conductivity of all other metals is compared against silver’s standard. On a scale of one to one hundred, silver ranks one hundred, copper is ninety-seven, and gold is at seventy-six.
6 Of all the elements, silver has the highest degree of optical reflectivity. A silver mirror can reflect up to ninety-five percent of the visible light spectrum. Silver reflective mirrors are important components in telescopes, microscopes, and solar panels.
7 Silver is more malleable than any other element except gold. One grain of silver can be fabricated into a sheet one hundred fifty times thinner than a piece of paper.
8 Except for gold, silver is more ductile than any other element. One ounce of silver can be manufactured into thin wire over eight thousand feet in length.
9 The Greek philosopher, Hippocrates, wrote extensively about silver’s anti-disease and beneficial healing properties.
10 Since antiquity, silver has been recognized for its medicinal value. The expression, “born with a silver spoon in one’s mouth,” actually does not refer to the status of wealth, but rather health, as children fed with silver utensils were thought to grow up healthier.
11 The use of the word “silver” is as old as the Indo-European language chain, dating to 6,000 B.C. The English word “silver” derives from the old Anglo-Saxon word “seolfor.”
12 Argentina derives its name from the Latin name for silver, “argentum.” The symbol for silver in the Periodic Table is “ag,” an abbreviation for argentum.
13 Silver is the biggest conductor of heat of all the elements. It is used in solar panel and rear window defoggers because of superior heat conductivity.
14 Silver has far more industrial applications than does gold, with new uses for the metal being continuously developed. In most technological and industrial applications, no other metal can be substituted for silver, including gold and platinum.
To learn many more intriguing facts about silver, please watch for Part 2 of this blog, coming shortly.
To learn more about the rewards of precious metals investing, including how to fund your existing IRA with gold or silver, call Liberty Gold and Silver seven days a week at 888.751.3330. To learn about the most generous affiliate marketing program in the precious metals industry, please visit the Liberty Gold and Silver Affiliate Marketing Program. We're happy to spend as much time as you need to discuss the details with you.
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Written For: Liberty Gold and Silver News Blog
