Gold as we concern are stronger as the price increasing drastically. The industry of gold basically is focusing more on jewelry, electricity, motherboard and some component in technology part. The demand of gold are quite outnumber which make the price even higher. However, silver are seen to be the next BOOM in the market. Why the silver makes people more interest than gold?
As we all realize, silver material are used a lot in industry. In 1900 there were 12 billion ounces of silver in the world. But today, the figure has decrease to 1 billion ounces in above ground refined silver. This is happen due to high demand of silver in industry such as global photography, technology, medical, defense and electronics industries. Do you realize that most of our gadget such as mobile phone, camera, laptop, mp3 device, PC component is part of silver material?
The price of silver is at less than $17/oz today. Meanwhile in 1979 and 1980, the actual silver price increase to $21.80/oz and $16.39/oz. In today's USD dollars and adjusted for inflation which may contribute to an inflation adjusted average price to $60/oz and $44/oz in 1979 and 1980. As a result, silver will be one of the commodities item that people seek for the next stop of investment. Better start than never :)
No comments:
Post a Comment