We collected a couple of things that are good to know regardless of you are speculating for silver’s price, a silver mine stock, or buying tangible silver:
Silver consumption
Pure gold and silver are very soft and ductile. On the other hand their alloy is a lot more suitable for making coins or jewelry, eg.: white 9 carat gold contains 62.5% silver and 37.5% gold, 18 carat gold contains 75% gold and 25% silver.
Whether you are speculating for gold’s price, a gold mine stock, or buying tangible gold these informations are worth to know:
Demand for gold
Gold consumption is distributed throughout the world, so demand for it is not so easy to estimate. Numbers may be inaccurate, but annual demand is usually between 3400 and 4200 t. This consists of the following main factors: