This
strategic metal has infinite uses. The silver alloys are used to manufacture
the disposable and rechargeable batteries. More than millions of silver zinc
oxide batteries are manufactured worldwide annually, that include very small
batteries for cameras, watches and other electronic devices. The high purity
silver for electroplating steel bearings have great load carrying strength and
capacity for heavy duty work. The bearings coated with silver provide great
durability and safety in jet engines. The use of silver solders helps to join
materials and makes leak tight, smooth and corrosion free joints. The silver
alloys are used in refrigeration, air conditioners, power distribution,
aerospace and automobiles. Silver membrane switches are used in most keyboards
of laptop and desktop computers. Due to their durability and wide use, the
market of silver-contact membrane switch is a multi billion industry in
America.
The
Silver demand hit about 880 million ounces last year, and the worldwide mining
production contributed only 670 million ounces creating a deficit of 210
million ounce. A lot of people are unaware that the silver is the most used
commodity in industry after oil. One of the best investments at this point of
time is Silver. If you are looking for a profitable investment then you might want to consider investing in Silver.
If you are thinking of investing in silver, then the Silver bullion produced in America is a good option with the American Silver Eagle of one ounce. This coin is known all around the world and traded in various countries. They can be bought in a combination of 20 stacks or in a Monster box of 500 pieces. The second option will be 100% silver bars that are made in various sizes, designs and weights ranging from bars of 1 ounce, 5 ounce and 10 ounce. The two popular silver refiners producing bars in different sizes are Johnson-Matthey and Englehard.
You might also be interested in reading the recent article on Investing in Gold or How Silver is Made.
[This article is a guest post. Investors should carry out their due diligence prior to making any investment decisions]
