Saturday, 31 May 2014

silver coins as future investments



The brightest shining white metal silver has the significant value in making ornaments, jewelry, highly priced tableware, utensils, decorative items, mirrors, currency coins and bars. It has got tremendous applications in electronics, photography, silverware, mirror, optics, medicine and dentistry due to the nature of its chemical property and vividness. This miracle metal contributes a lot to the visual arts as well. Major silver producing countries are Peru, Mexico, China, Australia, Russia, USA, Poland, Canada and so forth. It sets benchmark also in trading, savings and investment purposes. Though it has been valued second only to gold, silver standard is being implemented as monetary system nearly hundred years ago in the world trade market. Store of value is a concept in economics based on the asset which could be saved, retrieved and exchanged at a later time during Inflation and economic weakness. The commodity like silver can be used as core risk management because of an intrinsic stable demand for the underlying asset. 

Notwithstanding silver market has less value than gold one, large scale investor or trader can influence the Silver coin rate positively or negatively according to the circumstances to make the stable purchasing portfolio and decline the losses during the times of market distraught. 

The name of Indian currency Rupee is derived from the Sanskrit name of silver termed Rupaya which indicates the power of silver coins used in ancient periods. Since it is having lower market liquidity, silver price tends to scandalously volatile. When any country meets either currency value depreciation or devaluation, the price of silver slightly inclines to rise up. Silver price is determined by supply and demand, speculation as like any other merchandise. Investors always analyze/tracks the silver price to the store of value demands as of gold. Silver coins, bars, silver exchange traded products, silver certificate, silver accounts and silver future derivatives are known as silver incorporated Investment vehicles.

Out of silver based investment means silver coins involve less effort to buy and invest in case of money and handling. The coins could be vended out from any retail outlets and purchasing the coins implicates much simpler as any down to earth product from the market. Silver coins are available in several sizes of 5, 10, 20, 50 grams with the metal purity of 99 to 100. At present 1 gram silver rates around 79.7 rupees as on 30 May 2014 in India. Hence 10 gram silver coin rate in India comes around 797 rupees. The coins have god and goddess imprints engraved on them like Lord Ganesh, Lakshmi and so forth to mark as fortune giver as the buyer thought so. Many auspicious days in India bring the discounts offer to the consumer to avail the benefits on the special duration. Various savings scheme and payment mode are being accessible to the silver consumers or Investors to store their money as the precious value of silver.     

No comments:

Post a Comment