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"Silver
Profits in the Eighties"
by Jerome F. Smith and
Barbara Kelly Smith. This writing is an update and expansion of Jerome
Smith’s Silver profits in the seventies. |
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Silver: Overview |
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Overview
Topics:
I Introduction
II Silver Properties
III Silver Markets
IV Investing
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Other Silver Topics
History
How is Silver mined?
Intrinsic Value & Gresham's Law
Bimetallism
Assaying
Silver Coins
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I INTRODUCTION
Silver, symbol Ag, is a white lustrous metallic element that conducts heat
and electricity better than any other metal. Silver is one of the
transition elements of the periodic table. The atomic number of
silver is 47. Silver has been known and valued as an ornamental and
coinage metal since ancient times. Silver mines in Asia Minor were
probably worked before 2500BC. Most of the silver mined in the world
comes from Mexico, Peru, Canada, the United States, and Australia.
In the United States relatively few mines are worked for their silver
alone. The silver is mined in conjunction with lead, copper, and
zinc. In 1988, U.S. mines produced an estimated 53 million troy oz.
of silver, about 12 percent of the estimated 444 million troy oz. produced
worldwide. The leading silver-producing states in the United States
are Nevada, Idaho, Montana, and Arizona; they accounted for about 71
percent of the silver mined in the United States in 1989.
II PROPERTIES
With the exception of gold, silver is the most malleable and ductile of
all metals. Its hardness ranges between 2.5 and 2.7. Silver
melts at about 1764° F, boils at about 4014° F, and has a specific gravity
of 10.5. The atomic weight of silver is 107.868.
III MARKETS
The use of silver in jewelry, tableware, and as coinage is well known. The
metal is usually alloyed with small amounts of other metals to make it
harder and more durable. In the United States, coin silver was an alloy of
90 percent silver and 10 percent copper until 1965, when the silver
content was reduced to 40 percent for half dollars; silver was eliminated
from dimes and quarters after 1964. In 1970 the U.S. government sold the
last of its marketable silver, which in earlier periods of U.S.
Sterling silver for tableware and other solid-silver objects is 92.5
percent silver and 7.5 percent copper. Silver is used to coat smooth glass
surfaces for mirrors by vaporization of the metal or by precipitation from
a solution; however, aluminum has largely replaced silver in this
application. Silver is also widely used in the circuitry of electrical and
electronic components. Colloidal silver, dilute solutions of silver
nitrate, and some insoluble compounds, such as potassium, are used in
medicine as antiseptics and bactericides. Argyrol, a silver-protein
compound, is a local antiseptic for the eyes, ears, nose, and throat.
IV INVESTING
Silver offers many advantages that help investors enhance the safety
of their investments and the security of their wealth. |
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Silver is portable, but unlike paper
investments, silver has intrinsic security.
Silver is readily traded in a highly liquid world-wide market.
Silver is an investment that can be made privately.
Silver can be traded sight-unseen, without need of independent grading or
rating.
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Eclectic Earrings
An Eclectic Collection of
Beaded Jewelry made with fine Austrian Swarovski
Crystals, Czech Glass Beads, Pewter, Silver & Gold. |
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Learn to invest
Guides, home study courses,
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