Many factors are causing the value of silver to soar. Its uses are vast therefore the time has come where this precious metal is going to become more valuable than every before. Get some facts here http://www.opportunitynetwork.info
Silver is also used in electrical appliances and cell phone components (silver has the lowest resistivity of industrial metals), photovoltaics (one of the highest reflectors of light), RoHS compliant solder, clothing and medical uses (silver has antibacterial properties). Its used for burn victims and to purify water. Other new applications for silver include RFID tags, wood preservatives, water purification and food hygiene. The Silver Institute have seen a noticeable increase in silver-based biocide products coming onto the market, as they explain:
The Chinese are buying up silver at a very fast pace,and a rate faster than it is being minded. Currently we’re seeing a surge of applications for silver-based biocides in all areas: industrial, commercial and consumer. New products are being introduced almost daily. Established companies are incorporating silver based products in current lines - clothing, refrigerators, mobile phones, computers, washing machines, vacuum cleaners, keyboards, counter tops, furniture handles and more. The newest trend is the use of nano-silver particles to deliver silver ions. The solar industry demand will be huge in the future, as silver is a vital component of solar panels and electronic devices.
Data from 2010 reveals that a majority of silver is being used for industry (487.4 million ounces), jewelry (167.0 million ounces) a distant second then for investments (101.3 million ounces).
The expansion of the middle classes in emerging economies aspiring to Western lifestyles and products may also contribute to a long-term rise in industrial and jewelry usage. Silver will become a very valued tangible item in the future, so why not get your hands on it now and start collection silver. Trade your paper assets for real money and preserve your wealth through ISN Coins.
Silver, like all precious metals, may be used as a hedge against inflation, deflation or devaluation. You can use silver to help preserve your wealth and position yourself for future gains as the metal becomes more valuable and scarce. As Joe Foster, portfolio manager of the New York-based Van Eck International Gold Fund, explained in September 2010:
The currencies of all the major countries, including ours, are under severe pressure because of massive government deficits. The more money that is pumped into these economies – the printing of money basically – then the less valuable the currencies become. The US Dollar is collapsing and the Euro has already collapsed. Now is the time to be "Smart" and protect what you have. The wealth are all doing this today. They are stocking up on Silver and Gold and so should you.
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