Silver Prices Below Mining Costs

by Carefix

Probably more as the supply is being consumed, much of this permanently.

As an insurance against the collapse of the fiat monetary system silver is currently obtainable and being sold below the mining cost. While silver is also produced as a byproduct of other metal extractions all of this stream is being used up so in a fair market the minimum price should be above mining price and this is bound to rise in future as the grade of ore being mined continue to fall and the costs of the energy intensive production rise too.

As an investment silver looks like a good bet also as the quantity of above ground silver is small compared to gold and yet is regarded as a store of wealth in the way that fiat is now. Demand for physical is increasing especially in the East where, for example, the Chinese government are advising the population to buy gold and silver. In India the government have banned gold sales so the population are turning to silver.

For European buyers silver coins can be bought with VAT at 7% in Germany and 0% from Liberty Silver in Estonia. The latter has margins better than the UK right now with spot the lowest in many years.

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Nov 11, 2015
Education NEW
by: Allen E. Bennett

Silver is a great precious metal. It's not fair that it's prices are too low. It looks so great. It's such a nice blog and post on it. Do you know? essay service review have metals as a big separate topic of discussion. In which all types of metals are discussed in detail.

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