Silver Supply Dwindling So What is the Future of Silver?

 

What Is The Future Of Silver?

 

Demand for silver is increasing. 2014 sales of Silver Eagles reached an all-time high at 43 million coins sold. Besides being a valuable investment tool, silver has many industrial uses, including consumer electronics and medical supplies. China has gone from being a major silver exporter to importing silver. U.S. demand for silver is also up, having imported 531 more tons of silver last year. At the same time, the supply of silver coming out of mines is decreasing. Mexico's production of silver has decreased by 12%. Silver mining companies are seeing decreased productivity across the board. Are we simply running out of available silver?

 

It may be tempting to run around screaming that the sky is falling right now. However, for an investor who remembers what they learned in economics class one may consider the opportunities inherent in the rising demand and falling supply of silver. The demand for silver in the industry is fairly inelastic. This is partly because not much of a real cash value in this precious metal is found in a DVD player compared to the final value of the electronic device. Most of the demand comes from the fact that millions of DVD players and other consumer electronic devices are sold every year, and very little of it is reclaimed from non-functional devices.

 

The demand for silver jewelry as a relatively inexpensive alternative to gold has skyrocketed. When the price of gold hit the roof, many jewelers turned to silver as an affordable alternative. Browse any online jewelry store and where gold jewelry used to fill up the pages, you will now see tons of silver jewelry and gold coated jewelry. The affordable gold jewelry of today is really just a coating of color over sterling silver. The demand for silver simply has not subsided despite the fact that an increased value on silver may force prices to go up. The price is rising and may continue to rise for as long as this bottleneck in physical silver goes on.

 

Is now a good time to buy silver rounds, silver coins, and silver bars? Your Precious Metals IRA should contain a healthy amount of silver, you might also consider gold and platinum, simply for the sake of a diversified portfolio. Due to silver's attractive pricing and many advances in the precious metals industry, people are flocking to precious metals as a safe haven investment.

 

Many future-minded industrialists are talking about mining asteroids for precious metals like platinum, palladium, gold and silver once the idea of privatized space operations really takes off. This is no joke. Asteroids that were estimated to be worth $1 trillion in metals and other substances that are useful to the industry have passed closer to Earth than the Moon's orbit just recently. Even so, the sky hasn't fallen – yet. These ideas just show how short our supply of silver actually is. This is something to think about if you are interested in a long-term investment strategy that may have benefits beyond the dollar value. For the short-term, silver may be a good buy for the sake of having an investment medium that you can hold in your hand and sell at any time. However, while the value may drop, it has never been worth zero. Long-term silver investments have been though most profitable if you look at historical figures.

 

Precious metals are valuable investments for any diversified investment portfolio. Physical silver is something you can hold in your hand, and it has many uses in the electronic and fashion industries. Demand is up, supply is dropping and may continue to drop. Ideas such as a sustained asteroid mining operation is a long way off in the future and may never actually work. The price of silver is beginning to reflect the drop in production.

 

To learn more and to invest in your own silver bars, silver coins, or silver rounds, contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com today!

Silver Sports Trophies Prove Americans Love Silver

Now that the Miami Heat has won the National Basketball Association championship, another major sports achievement is being acknowledged with a silver trophy. The trophy for the Larry O'Brien NBA Championship is comprised of an impressive 14.5 pounds of sterling silver and vermeil with an overlay of 24 karat gold in the shape of a basketball traveling through a net. Made by Tiffany & Co., this trophy has a $13,500 value and will be kept by the winning team for a full year. More recently, the National Hockey League's Stanley Cup was won by the Los Angeles Kings. This massive cup is a century-old symbol of championship in professional hockey and it is made from almost 35 pounds of silver.

All throughout history, even during the ancient athletic competitions once held in Greece and Rome, silver trophies have been exceedingly popular. Sterling silver became the metal of choice for sports trophies in the 18th and 19th centuries when honoring great achievements in boating, horse racing and even early auto racing. One of the most famous examples of the long-running fascination with silver sports trophies is the intricately designed America's Cup, which is made entirely from sterling silver. This astounding trophy was placed on show at the home of the world's yachting champions; the New York Yacht Club for 125 years. After which, the Golden Gate Yacht Club became the acting steward for this impressive award. The America's Cup went to the winner of the renowned international yachting competition after it was held in July 2013 in San Francisco.

In February, the Vince Lombardi Trophy, an embodiment of NFL greatness, will be passed on to the NFL Super Bowl winner, with the New York Giants being the current title holder. In English football, auto racing, basketball and many other pro sports throughout the world, trophies are being made in sterling silver as a sign of the very top in the field. There are many other examples of silver being the preferred precious metal for trophies in professional sports. The Commissioner's Trophy in Major League Baseball is awarded to World Series champions and the Borg-Warner Trophy is passed on to the winner of the Indy 500.

In order to understand how important and valued this material is for recognizing accomplished athletes and teams, consider the vast amount of silver trophies awarded across many, very different sports. Awards are passed out at the world's oldest tennis tournament as well as at other, major tennis competitions. The gentlemen's and ladies' singles competitors who best their opponents on Wimbledon lawns throughout a grueling two-week challenge and receive first prize are given an engraved, sterling silver tray measuring 18.5 inches. It is known as the Venus Rosewater Dish for women and an engraved, sterling silver cup for men that also measures 18.5 inches. The Coupe de Suzanne Lenglen and the Coupe des Mousuetaires, both made of sterling silver, are given respectively to those who win the men's and women's singles tennis championships at the French Open. Thus, there is nowhere in the sports arena where silver is not heavily valued for its ability to appropriately honor outstanding physical achievements in a timeless and truly emblematic fashion.

To purchase your own silver bullion, contact Capital Gold Group, Inc. today at 1(800)510-9594 or visit startwithgold.com!

Legendary Hidden Silver Dollars in the Ozarks

Have you ever heard of the legendary stash of silver dollars hidden in the Ozarks? The legend begins back when the early European settlers first came to North America. When Spanish explorers came up the from the Gulf of Mexico on the Mississippi River in search of precious metals, they found themselves in the upper reaches of the White River. There they found Indians mining silver.

The Spaniards bartered with the Indians and ended up with so much silver that they couldn’t manage to take it all back with them. So the Spaniards turned the silver into ingots by melting it and pouring it into musket barrels. They stashed the precious metal in natural caves around the area with intentions of returning to claim it. Unfortunately, they never did.

In the 1820’s the silver was found by a family who settled in the area by the name Yocum. They decided to slice the round silver ingots into coins and stamped them with their family name. These became the Yocum silver dollars and were supposedly worth more than even the silver dollars minted by the United States government at the time.

Some versions of the legend claim that the Yocham family worked the silver mines themselves and left when they heard rumors that there were promises of gold out in California. A descendant of the family claims that relatives in Kimberling City had the molds of the coins, but no actual proof of the coin has ever surfaced.

One scholar believes that the legendary coin is a fabrication of misinformation. Yocham is a Hungarian name and the story may have originated from the coin the Yocham “Stalard.” This coin was minted in honor of a Hungarian bishop, Bishop Yocham, who became a saint. As stalard is a similar sounding word to dollar. It could be that a Hungarian coin was mistakenly thought to be a dollar and created the legend of the Yocum silver dollar.

Another unfortunate note that discredits this legend is that geological area of the Ozarks does not produce any consumable amounts of silver. What the area does have is “fool’s silver” which is a mineral called galena.

However, there is some remaining speculation that the legend could be true. A man named Mike Brittain, whose ancestors had made a homestead in the Ozarks, had copies of diary pages and a portion of a map. Someone made the map while doing research in the National Archives in Washington D.C. The piece of map indicated a sign, a cave, and a Spanish fort. Mike claimed to have found what remained of the fort’s foundation but not the cave. The last words of the excerpt were from a man who was trying to escape Indians and about the silver coins he found in the cave.

The story is rich and exciting whether the legend proves true or false. It is also interesting to note that United States silver dollars that were minted around the same time as the legend are worth a minimum of $200 these days. So if the legends were to be true, these legendary silver dollars would be worth a hefty sum.

To collect your own U.S. Silver Dollars, contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com. You can also visit behance.net/CapitalGoldGroup for a better look at specific collectible coins that Capital Gold Group can offer.

Silver Prices - Silver Demand

Despite the fall in silver prices in the recent past, market analysts have maintained that there is a great potential for the prices of this precious metal. This comes after one study showed that the pricing of silver was relatively low when compared to gold internationally. On the other hand, it is easier to buy from the silver market than the gold current global market. With the gold: silver ratio averaging at 73 within the first half of 2015 as compared to the normal average of 58, the silver market is not doing badly at all. Furthermore, the demand for silver jewelry has remained high. Consumer silver jewelry demand in the United States of America increased by 11% in the month of May. Imports from Thailand and China recorded an increase of 18.5% and 14% respectively within the previous five months of the year.

One of the leading precious metals consultancy firms projected that the demand for silver is likely to increase by 5% within 2015. Besides the use of the precious metal in making jewelry, its demand has continued to increase within the industrial sector. The use of silver in the renewable energy sector is likely to increase by 8% up to 65 million ounces because of its great role in the manufacturing of solar panels. For instance, the United States of America increased its solar panel installation up to 75% within the first quarter of 2015, thereby creating a high demand for this precious metal.

Market analysts have alleged that the silver demand would maintain and increase, especially as we look forward to a deficit of about 57.7 ounces of the precious metal in the next three consecutive years. One of the probable causes of the prices difference between these two metals is investor demand. Although the demand for gold was high at the start of the year, there has been increased outflow in the month of June. From the observations made, there was a great increase in the global ETF holdings for the silver metal by over 4.7 million ounces as of 24 July. This means that there is a very high likelihood for many investors to develop a positive and long-term view about the prices of silver in the world market.

Although the start was relatively slow, analysts have observed a great improvement in the silver bullion demand. As the month of June was drawing to the end, some companies decided to sell out silver coins following a drop of the price below $15 per ounce. This was something that happened without their knowledge. However, most companies resumed selling their silver bullion coins based on allocation to avoid the losses this week. Despite the fact that there was a drop in global coins sale by about 6% when compared with their price last year at such a time, the sales have maintained their position as the fifth-highest record in the history of global sales. Looking at this trend you can easily make up your mind on whether to invest in silver in the current market or not.

To start investing in silver today, Contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com.