Silver Always in Demand
Posted By | September 20, 2016
To me, the most beautiful form of silver can be found in the one-ounce American Silver Eagles and Canadian Silver Maple Leafs. These and other handsome silver coins usually form the backbone of a Silver IRA, and as such, are always in demand. But silver is used in many industries and has hundreds of practical uses. This means that the demand for silver is supported by the world’s economic activity, putting a floor beneath prices.
The use of silver for coin mintage is well known. So is its important role in jewelry and silverware. Here, sterling silver is the most important form, consisting of 92.5 percent silver and 7.5 percent copper, but for those with the finest tastes, Britannia silver contains 95.8 percent of the white, shining metal. Sterling silver jewelry is often covered in a thin plate of pure silver to enhance its luster. Silver is often combined with gold to form precious alloys used to make exquisite and expensive jewelry.
But silver is vital to a wide variety of purposes, including:
- Solar energy: Silver is used in photovoltaic panels and plasmonic solar cells. About 100 million ounces of silver were used for this purpose in 2015, and this number should grow rapidly as the world transitions from oil to renewable energy. Silver is also used in concentrated solar power reflectors that are used to gather sunlight at solar utility stations.
- Water purification: If you live in a place where tap water tastes funny, the cheapest way to solve the problem is to use a water filter or purifiers, which make use of silver to oxygenate, sanitize and de-chlorinate the water. You can use a pitcher or faucet filter with a silver-laced cartridge in your home, or you can set up a centralized water purifier so that all your water is clean. That’s what hospitals, community water systems, spas and pools do.
- Dentistry: Silver is mixed with gold, tin and/or mercury to fill cavities.
- Electronics: Silver has many specialized uses for electronic equipment, such as high-quality audio connectors and cables that can handle high frequencies. Circuits are often printed in silver, and the metal is frequently used in radio frequency antennas. Silver is also an important component used to make long-life batteries.
- Glass coatings: Silver is used to make telescopes and to glaze windows.
- Biology and medicine: Silver has dozens of medical and biological uses, everything from staining cells to dressing wounds.
Silver has plenty of other uses, especially in the fields of chemistry and physics. Plus, if you play a flute or trumpet, you know firsthand how silver affects the sound and appearance of the music you make.
The point is that silver is always in demand. If you demand silver to help you build your wealth and protect your future, open an Augusta Precious Metals Silver IRA today and get a tax deduction when you buy silver bullion. Silver is an excellent IRA choice, especially if you are on a tight budget, since silver costs far less than gold. Prices are good right now, so don’t delay – contact us today!
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