Silver Bullion
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A Silver Bullion is a precious metal bullion composed of silver.
- Context:
- It can be sold as a Silver Spot Contract.
- Example(s):
- Counter-Example(s):
- Gold Bullion, Platinum Bullion, ...
- a Currency, such as bitcoin.
- See: Liquid Asset, Commodity, Palladium.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Silver_as_an_investment Retrieved:2015-2-3.
- Silver, like other precious metals, may be used as an investment. For more than four thousand years, silver has been regarded as a form of money and store of value. However, since the end of the silver standard, silver has lost its role as a legal tender in all developed countries, although some countries mint bullion and collector coins like the American Silver Eagle with nominal face values.[1] In 2009, the main demand for silver was for industrial applications (40%), jewellery, bullion coins and exchange-traded products.[2][3] In 2011, the global silver reserves amounted to 530,000 tonnes.[4]
Millions of Canadian Silver Maple Leaf coins and American Silver Eagle are purchased as investments each year. The Silver Maple Leaf is legal tender at $5 per ounce and there are many other silver coins with higher legal tender values, including $20 Canadian silver coins. Silver is legal tender in the U.S. state of Utah, and can be used to pay all debts.[5]
- Silver, like other precious metals, may be used as an investment. For more than four thousand years, silver has been regarded as a form of money and store of value. However, since the end of the silver standard, silver has lost its role as a legal tender in all developed countries, although some countries mint bullion and collector coins like the American Silver Eagle with nominal face values.[1] In 2009, the main demand for silver was for industrial applications (40%), jewellery, bullion coins and exchange-traded products.[2][3] In 2011, the global silver reserves amounted to 530,000 tonnes.[4]
- ↑ "American Silver Eagle". The United States Mint. Archived from the original on December 2, 2013. http://web.archive.org/web/20131202234114/http://www.usmint.gov/mint_programs/american_eagles/?Action=american_eagle_silver. Retrieved November 24, 2013.
- ↑ "Supply & Demand". The Silver Institute. Archived from the original on December 4, 2011. http://web.archive.org/web/20111204211844/http://www.silverinstitute.org:80/supply_demand.php. Retrieved September 29, 2010.
- ↑ "2000pres". The Silver Institute. Archived from the original on November 29, 2011. http://web.archive.org/web/20111129052551/http://www.silverinstitute.org:80/2000pres.php. Retrieved September 29, 2010.
- ↑ Silberreserven und Preise Retrieved 28. December 2012. Template:Wayback
- ↑ Utah Law Makes Coins Worth Their Weight in Gold (or Silver), New York Times, May 29, 2011