Silver has served as a measure of value and currency for over 4,000 years. As early as around 600 B.C., citizens of Lydia used it for coins. But while hardly new, it’s still giving investors something to talk about these days. In the past month, silver has hit prices it hasn’t seen since the Hunt brothers tried to corner that market over three decades ago. Their attempts drove the commodity to nearly $50 an ounce in 1980. Today, just like back then, many individual investors are buying up what some call “poor man’s gold.” Gold may be capturing headlines and new record highs. But silver is shining too… enough to make many wonder whether its forward returns might just beat out gold’s.
Gold isn’t the only precious metal to have captured investors’ fancy lately. The silver market is white-hot. From late August through December 2, the metal’s price surged 58%, to $28.50 per ounce, racing ahead of gold’s 13% gain. Consider silver a juiced-up version of gold. Although they tend to move in sync, silver prices have been 60% more volatile than gold prices in recent year.
Oh i wish i know the value of silver before.Someone has offer me to buy his silver coin for $5 only and I never buy it.
Aurora Australis $5 Silver Hologram Coin from Royal Australian Mint.Is that the one your friend offered you?
Lolita, Please be careful when you buy coins. Some coins are not real silver, or are too light weight to be worth the money. A $5 coin should weigh at least 4 grams of .999 fine silver.
