Between Gold and silver, silver supplies are greatly deminishing compared to gold. Silver is used the world over, we are now a disposable world, compared to a fix or repair world that we used to be. Silver is now ending in our landfills, instead of being recovered. The recovery costs are usually too expensive, but there is a bright side. As the cost of silver increases we are starting to see some of the major electronic companies and retailers offering buy back programs or recycling programs. Granted this is a plus for the companies due to the reclaimation of silver and other reusable parts that can be resold. Don't forget the green effect from recycling this will have compared to filling our landfills with used electronics.
Silver will be a greatly cherished commodity in the future, and the prices will continue to increase. Silver is used for coinage, photography, sterling silver jewelry, sterling silverware and sterling table settings, batteries, brazing and soldering, catalysts, electronics, medical applications, mirrors and coatings, solar energy, and water purification. Silver usage in fabrication grew 12.8 percent to a ten year high in 2010. Industrial applications grew 20.7 percent . Jewelry usage gained by 5.1 percent which was the largest gain since 2003. At the rate of the world's usage, silver prices will do nothing but continue to increase over the upcoming years due to decreasing amounts of silver and inflation.
# # #
A sterling Silver Jewelry online retail business which has a wide selection of regular and body jewelry in many styles and fashions