By Bill Sardi

Advantages and Disadvantages of Silver

by Bill Sardi

Recently by Bill Sardi: A Gold Economy Begins

Silver is not being mined like gold is. New silver mines not as plentiful. See Silver Institute web site for accurate information on supply and demand of silver. Only 36 U.S. silver mines report production (Source: Wikipedia)

Annual gold production: 2,310,000 kilograms (kilo = 2.2 lbs) Annual silver production 20,900,000 kilograms

No silver reserves kept by central banks

Less likely to be confiscated

Less expensive to purchase

In greater demand than gold (largely by females who desire silver as a more affordable shiny metal; but also has industrial demand as silver is used in industry for silverware, in photography, electronics, etc.)

Silver coins are more practical for use in commerce because of its lower value (can buy groceries with it)

US silver coins should be distinguished from silver rounds, which are not legal tender in the U.S.

Silver round, looks like U.S. coin

The Best of Bill Sardi