2500 BCE reveals ancient Chaldeans in Anatolia (modern-day Turkey) created a sophisticated ‘cupellation’ process to extract silver from lead-silver ores. Silver is the naturally occurring periodic table element 47 whose symbol is Ag, from the Latin word "argentum" meaning "silver." The name is derived from the Anglo-Saxon word "siolfur" meaning "silver." Archaeological evidence suggests silver mining originated in the regions surrounding Asia Minor approximately 3,000 BCE. When accounting for the stark per-ounce price differential, it is important to note that silver is significantly bulkier than gold. A $100,000 order of silver could weigh 350 pounds, while a comparable gold order would weigh only 6 or 7 pounds (depending on price). Historically, this relationship has ranged anywhere between 10:1 and 20:1, but the ratio has been much larger in recent decades.Ī final consideration is size. Some precious metals enthusiasts monitor closely the gold-to-silver price ratio, which represents the number of ounces of silver needed to purchase an ounce of gold. Additionally, for survivalists concerned with systemic risk or an apocalyptic shock, silver tends to be valued as a solution for trading or bartering in smaller quantities. For those with greater speculative appetite, silver offers (in the opinion of some) higher upside potential. For those approaching retirement age or seeking insurance for a portfolio or currency hedge, gold tends to be a more popular option. The decision to purchase silver or gold is heavily predicated on purpose and risk tolerance. While price plays a key role in the decision to buy silver or gold, several other important factors influence the decision process: Factors to Consider When Deciding Between Silver and Gold In other words, if silver becomes five times more expensive in dollar terms while cars, homes, food, the stock market, etc., also become five times more expensive, you have simply retained purchasing power, not increased it. Silver’s true value is not measured in nominal (dollar) terms, but in relation to other assets. If silver rises from $16 per ounce to $80 per ounce, the owner is not necessarily five times wealthier. Partly for this reason, precious metals might be better classified as an alternate currency. In other words, precious metals serve as a store of wealth but are not producers of wealth. Silver and the other metals are better described as an insurance policy than a dividend-producing investment, although there are certainly speculative opportunities in inflationary markets. Precious metal purchases are IRA eligible and exempt from sales tax in some states, such as Texas. Thus the demand for silver continues to rise, and many precious metals companies extol the “investment” opportunities of silver and other precious metals. The electronics manufacturing, industrial, and healthcare industries often incorporate the soft white metal into the design and production of technology components and merchandise. MMTC-PAMP shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls and all customers are advised to contact our customer care at 18082 and verify any representations or promises made by any such spurious callers before acting upon the same.Treasured for thousands of years for ornamental purposes because of its scarcity, aesthetic appeal, and antimicrobial properties, silver has in more recent history become prized as a superior catalytic substance and malleable conductor of thermal and electric energy. and offering alluring benefits or sharing false information on gold/silver prices. Public receiving such phone calls are requested to lodge a police complaint.ĭo not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs and other social media platforms.īeware of misleading telephone calls from people posing as MMTC-PAMP officials, agents, etc. MMTC-PAMP is not involved in activities like selling gold and bullion via WhatsApp and over phone calls. with anyone.Īvoid clicking on attachments / payment link received in mails / message from unknown sources. Disclaimer: BEWARE OF SPURIOUS / FRAUD PHONE CALLS!ĭo not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc.
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