Tuesday, 12 April 2011
Silver value doubles in a year
According to Kitco www.kitcosilver.com the web page for investors in precious metals, silver doubled in value over the last year. To be precise it rose 122 per cent to where it sits now at around $40 an ounce or nearly £25. Metals and particularly gold, which now fetches a mind boggling $1400 or so an ounce, are seen as a good hedge against weak currencies and general economic turbulence.
Vintage silver objects such as one can buy at the UK’s biggest retailer of
antique silver, the London Silver Vaults are currently remarkably good value ounce for ounce against their bullion counterparts. But the strength of silver bars is likely to pull up the price of handmade or manufactured silver as demand for silver increases. So now might be the time to add some silver loveliness to the home and watch your possession become even shinier.
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