Saturday, March 26, 2011

That glitter of silver

Since a child, I have had an unending interest in gold and silver. Most likely, it was influenced by growing up in the Washoe Valley in Nevada. We were just a short drive from Virginia City, the location of the Comstock Lode. 

The Lode was a huge silver and gold find with the great extracted wealth becoming the basis of the building of San Francisco as well as funding the Union in the last months of the Civil War. (Nevada entered the USA in 1864 as the "battle-born" state).  Silver as an investment, instead of just an adornment, has proven an excellent choice for appreciation (more than other alternatives) in the past decade. 



And with less physical silver available for purchase then gold, many analysts see even much more price appreciation ahead in this decade of "quantitative easing" and weakening the US dollar.

These two short video's below (about 6 minutes each) give a quick tour of how the mineral silver is discovered, mined, assayed and refined to end products such as jewelry and coins.











If you have interest to further explore silver as an investment alternative, check out this short podcast, or purchase this excellent book by David Morgan.

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