Silver is irreplaceable. It is used in solar energy, health care, currency and computers, to name a few of its uses. The demand for silver is great, though it is used in many areas there are three categories that have the highest demand, industry, currency and jewelry. My main focus in silver is jewelry, which can also be used as an investment.
In 2011 over 486 million ounces of silver were used in the three categories listed above. 761 million ounces of silver came out of mines, and another 257 million ounces was recycled or found silver.
A friend of mine works in a recycling factory extracting silver from x-rays, it is a dirty and dangerous job. The danger comes from overexposure to silver. In our entire lives we will not come in contact with as much silver as my friend handles in one day. There is no danger from wearing or handling silver jewelry.
Sterling silver jewelry is only 92% silver and the rest is made up of other metals usually copper. If you were to create a piece of jewelry with pure silver it would not hold its shape, it is too soft which is why copper is used to give silver its solidity and functionality.
In 2011 over 486 million ounces of silver were used in the three categories listed above. 761 million ounces of silver came out of mines, and another 257 million ounces was recycled or found silver.
A friend of mine works in a recycling factory extracting silver from x-rays, it is a dirty and dangerous job. The danger comes from overexposure to silver. In our entire lives we will not come in contact with as much silver as my friend handles in one day. There is no danger from wearing or handling silver jewelry.
Sterling silver jewelry is only 92% silver and the rest is made up of other metals usually copper. If you were to create a piece of jewelry with pure silver it would not hold its shape, it is too soft which is why copper is used to give silver its solidity and functionality.
By using BullionVault you are able to obtain physical gold and silver bars at current market prices.
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