Silver – A History

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Posted by Chip | Posted in Reference And Education | Posted on 15-03-2014

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silver resources17 Silver   A History
Annie Robinson asked:

Silver (argentum): has an atomic number of 47 which means it is the 47th element on the periodic table and carries 47 electrons. It has a hardness rated between 2.5 and 2.7 and is therefore one of the most malleable of all metals. Silver is a white, lustrous metal prized for its purity and formability and because it can achieve the most brilliant polish of any metal.

The first major source of mined silver, is generally considered to be Turkey which served as the main source of silver for the near East, Crete and Greece. The early Egyptians used silver in their religious ceremonies and to create their articles of worship and it was considered more precious than gold.

However a concentrated effort to mine silver began around 3000B.C. and the first sophisticated processing of the mined ore has been attributed to the Chaldeans at around 2500B.C. After the destruction of the Minoan empire in 1600B.C. the mines of Laurium, near Athens became the leading producers of mined silver. These mines proved to be highly productive, and for approximately 1000 years the Laurium mines were the largest source of silver in the world.

The end of the monopoly of the Laurium mines saw the Romans exploiting silver mines in Spain and throughout Europe and Italy and Spain were pressed to meet the growing trading needs of Greece and Asia Minor. When the Moors invaded Spain it became necessary for the mining of silver to be expanded to more countries, mainly in central Europe and several new large deposits were discovered between 720 and 1200 A.D. But the real expansion in the production of silver occurred in a 500 year period between 100-1500A.D, when new developments were made in the mining and processing of silver.

Even more significant was the discovery of seemingly almost infinite deposits of silver in the New World, and the first of these was in the Potosi District of Bolivia. At the same time major deposits were also found and mined in Mexico with the bulk of mining occurring between 1700 to 1800A.D. The development of ‘mercury amalgamation’ process enabled more silver to be taken from the ore and so silver production around the world increase exponentially during this time through discovery and better refining methods.

For over 300 years, from 1500A.D. to 1800A.D. Mexico, Boliva and Peru accounted for over 85% of the world production of silver and trade, with the remaining portion obtained mainly from Germany, Hungary and Russia. From 1850, other countries like the US increased production and silver production increased again worldwide.

Interesting Facts About Silver:

Silver can be hammered into sheets so thin that it would take 100,000 of them to stack 2.5 centimetres high. It is this formability that makes silver such a wonderful art form for the artisans throughout history. Silver can be shaped by hammering, spinning (like wool), or drawing (like toffee), it can be melted and poured into moulds, and can be decorated with etching, engraving or chasing. Known as the queen of metals, not the least because it has a known association with the moon and the moon goddess Lunai from times of antiquity. Silver has been closely associated with the moon and lunar influences and used for magical utensils and ornaments for thousands of years. It is closely related to Isis, queen of Egyptian goddesses and the traits of creativity, flexibility and emotion. It is one of the seven sacred metals, and used in alchemical processes by the original ‘scientists’ those wizards of old called alchemists such as Merlinus Arturius and Isaac Newton. Silver is known is also a part of the ancient chakra system of the Hindi’s and associated with the 6th chakra or 3rd Eye seen as the bridge between the human and the divine. This chakra is compared to empty space, free form a place of purity and unity, the site of bliss.
Silver also has medical uses: a silver coin was often dropped into a jug of milk to help prevent it from souring, in Vedic medicine silver water was known to cleanse the liver and spleen. More recently until sometime in the 1930′s silver compounds were used as a normal part of medicine, with silver nitrate being the main compound used. Silver Iodide was even used immediately at birth in babies eyes to prevent infections that resulted in blindness.

Even today we can find Colloidal Silver in use as a natural remedy for infections and many swear by it. Amazing Uses of Silver: Invisible silver is a transparent coating of silver on the double pane in thermal windows; silver enjoys greater reflectivity than gold and can achieve the most brilliant polish; silver is the best electrical conductor of all metals. Wearing Silver Silver artisans are some of the most highly skilled artisans in the world today. Only the finest craftsmen in each generation became master silversmiths, this evolution throughout the centuries has created a tradition of excellence in both artistry and craftsmanship that is found only in the silver field. The meaning of the word jewellery is derived from the word, jewel, which is the anglicised form of the French word ‘jouel’ and even further back to the Latin word ‘jocale’ which means toy or plaything. Jewellery is one of the oldest forms of body adornment, and although it has been used to pin clothes together and as a form of wealth storage in ingot form, it is still mainly used throughout history for decoration.

Silver jewellery was once used to indicate status as it was restricted for use by only the wealthiest and noblest of all up until the end of the 18th century. It was only through the Industrial Revolution, through mass manufacturing that jewellery finally became available to the general public. It is seen on its own and embedded with precious or semiprecious stones in areas all over the world and from many areas of history including; Mesopotamia, China, Japan, Egypt, Africa, Greece, Rome, India, Mexico (Mayans), Indian Tribes of North America, Peru (Aztecs), and the British Isles (Celts).

Nowadays we have access to all kinds of silver jewellery from many modern pieces being wrought on a daily basis, to purchasing antique pieces with real history. Silver is still beautiful and for many, more affordable than gold. Wearing a find piece of silver jewellery can give the wearer a feeling of confidence and beauty and create the finishing touch to any outfit.

Big, bold and sassy pieces from around the world abound, and it can be such an amazing feeling to find just the perfect piece for you. Choosing from Tibetan, Mexican, Italian or other amazing styles is half the fun and finding such pieces has been made even easier by the internet, although buying from a reputable business is key to ensuring your investment is worthwhile.

Rev Response

Why is Silver So Good an Investment Right Now?

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Posted by Chip | Posted in Investing | Posted on 13-03-2014

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silver resources15 Why is Silver So Good an Investment Right Now?
Andy Henry asked:

1-You’re buying real money.

The main reason why silver is a great investment now is that you’re buying real money. What this means is that you are able to buy silver, put it aside, and whenever you need money, you can draw from those resources and sell it in a day. In fact it is not uncommon for people to do that for purchases that require a lot of down payment. Let’s say you want to buy a house. You are planning to pay a few thousand dollars down, but right before the sale is closed you find out that the down payment is going to be $1,000 or $2,000 more. Now, if you have that money in savings, that’s fine, you can just take it out and make the payment as planned. If you don’t have the money, chances are you’re not going to be able to buy the house, unless you have something that you have invested in that you can sell quickly for cash.

That’s why silver is so great. You can pretty much sell it in a day, no matter how much money you need. If you have the equivalent value in silver available, you are not going to have a hard time finding someone to buy it from you. You can put it aside and be able to use it when a crisis comes, or when you need big chunk of money quickly.

The great thing is that this investment will not be less valuable a year or two from now, as is the case with the dollar, for example. If you let your silver sit for a few years, there is virtually no way for you not to make money. If you buried a 10oz bar of silver now and dug it up in 20 years time it will very likely be worth in real terms significantly more than today. If you did the same to a $100 note – you’d be lucky if it was worth the paper it was printed on. There’s no intrinsic value so a note can devalue to practically zero, whereas your silver bar will still be a valuable precious metal no matter when you dig it up with the chances being that the longer you leave it the less there will be around and the higher value yours will have.

2-You’re buying something that’s historically known

Silver was the first known coinage and was even mentioned in the bible. People understand that silver is intrinsically valuable. This means that silver always was and always will be a good liquid investment. People will always attach value to silver, and in our times they will attach even more value to it because we use more of it every single day. Silver was always a metal that people considered valuable, and even though it is very cheap now, it will not stay that way. Silver is a precious metal and it will be more expensive as time goes by.

3-You’re buying something that’s negotiable worldwide

Let’s say you have a lot of money on you and you go on a trip abroad. If you go to a country where they do not accept dollars as currency, you’re going to have a hard time using this money. You’re going to find it difficult to buy food, check into a hotel, or even pay for transportation. Simply, you will not be able to spend the money, or get the goods or services you need. That is not the case with silver. This metal is negotiable worldwide, which means that you can sell it anywhere in the world. There are people that invest in precious metals everywhere and as long as you have silver, you will be able to sell it in a short period of time and have cash in the local currency that you will be able to use right away. That is why precious metals are so incredibly important no matter what your circumstances are. Having something that you know you can turn into cash whenever you want is very reassuring as well as extremely important for the safety of you and your family.

I know that many people think that the dollar is an international currency and if you have cash, you will be okay. The problem is that this is not the case in many places around the world. I’ve traveled extensively for most of my life and I’ve made a point of always having something gold or silver available to me when in other countries so that I don’t suddenly find myself with a wallet full of cash I can’t use. I do have credit cards, but it only takes your bank or credit card company to put a ‘security freeze’ on your account because you’re using it in a different country and you’re stuffed until you can call them and confirm it’s you trying to use it. This has happened to me so many times that I always have a backup source of funds now.

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Silver Mining

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Posted by Chip | Posted in Shopping And Product Reviews | Posted on 09-07-2012

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silver resources10 Silver Mining
Ken Marlborough asked:

Silver is a versatile and affordable precious metal and has caught the fancy of many people. Apart from ornamental purposes, silver has been widely used for industrial applications. It is used in making latest technological gadgets or electrical gadgets and in the medical field as silver surfadrazine for treatment of burns. It also finds use in the solar energy field as a solar paste in crystalline silicon photo voltaic cells. In addition, about 250 million ounces of silver is required to make silverware and jewelry on an annual basis.

There is a demand for silver in almost every field. Consequently, there is heightened competition among companies to meet the demand. Thus, silver miming has become an extremely profitable entity. Several companies dedicated to silver mining try to mine as much silver as possible. Several areas with potential of silver production are explored and the latest techniques are put to use for mining and production of silver.

Mining companies earmark potential mining areas, where extensive mining is carried out to obtain silver. Silver mining is carried out after intensive research, so as to identify the right source of silver. Mining can be at the surface level –referred to as surface mining or deep into the mines. Every possible care is taking during mining to ensure that silver retains its original lustre and appearance, so that it can be turned into different forms and shapes. Companies have their own mining deposits that are referred to as inferred resources.

Silver mining also needs to take into consideration the potential repercussions of silver mining. Silver mining companies subscribe to standards of environmental management. They have to fulfill the social responsibility of ensuring that there are no potential health hazards to employees and also to residents of the neighboring silver mines.

Silver mining operations have become productive because of the large demand of silver in the market and have led to the emergence of number of companies specializing in silver mining.

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