Sale of Portuguese gold means to address the global crisis Sale of Portuguese gold means to address the global crisis The global financial crisis has pushed some Portuguese to sell Read more How do you know real gold with vinegar How do you know real gold with vinegar Many people want to know, how to […]
The silver market is very small compared to many other markets. In the year the world produces about 650 million ounces of silver, 200 million comes from recycling and 50 million from sales of individuals, only about 900 million ounces of silver. This is also the approximate size of the annual silver consumption, 45% of silver is used in the electronics industry, 30% of silver is used in jewelry, 20% silver – in pictures, and about 5% of the white metal is bought for investment purposes.
Dimensions of the world’s reserves of silver is approximately 300 million ounces, ie at a price of $ 15 (as it was a few years ago) per ounce of silver world reserves estimated at 4.5 billion dollars. If silver is now worth less than $ 10, these reserves in dollar terms decreased. At the same time, the real value of silver stocks have not declined.
Once you have bought gold it must be stored somewhere. Note that the physical damage to the bars also reduces their cost. A simple scratch can serve as a basis for the bank’s employees or appraiser decided that the bar is in “satisfactory” condition. It can be stored in a special bank account in a bank vault or at home. All options have their pros and cons.Putting gold on special deposit, you translate it in non-cash form. Physically, the bank may not be necessary amount of metal at the right time to pay you and other investors. In addition, such contributions will not refund the deposit insurance system, if the bank retained lopnet.Mnogie purchased ingots and coins in deposit boxes. This is now the most preferred embodiment. The Bank provides safety values in the cell and it does not depend on its financial condition. However, we must remember that this beautiful system can always intervene state. For example, as in the United States during the Roosevelt, when the contents of the cell had to be shown by the tax service, to make sure that there is no gold.
