Centimetres.
SILVER
Unlike gold, which is for the most part
hoarded and kept safe, silver is often found
being used in industrial processes.
This is mainly due to silver's properties, which
are not found in gold or any other elements.
These include: The highest thermal
conductivity of all the elements and the lowest
electrical resistance of all the elements.
Silver also is the best reflector of light, so thin
mirrors are coated with silver!
Every second, when another car is produced
another ounce of silver rolls out on our streets
as silver is used in car production (see cars).
Silver can be found in every computer, every
mobile phone and every smartphone. A rarely
recycled mobile device like a cell phone
contains about 0.15 to 0.17 grams of silver.
The photovoltaic industry uses silver more
and more with increasing solar cell production
and future technologies such as RFID tags,
which contain about 10 milligrams of silver per
unit are required in large numbers.
Live Silver Use In Ounces:
Used Since The Beginning
Of The Year In Tons:
This Would Produce A Silver
Cube With An Edge Length Of
Silver As An Investment
Many people are interested in buying silver as an
investment but anyone buying silver can be sure
of one thing:
The market will fluctuate, and indeed it is much
more volatile than that of gold.
Many factors influence the price of silver. Only
about a quarter of silver is actually taken from
pure silver mines, most of it is produced as a by-
product in the usage of
other metals such as copper. When world
economic output increases, the more silver is
needed, which drives up its price. On the other
hand, more copper is also needed and produced
which in turns produces more silver as a "waste"
product.
All in all, despite being volatile, silver is a strong
investment. It is interesting to note that although
silver is more commonly found in the earth's
crust than gold in it's pure form, it is rarer than
gold.
Currently, about 25,500 tons of silver are used
per year which is equivalent to about 820 million
ounces.
This means that if every person on earth wanted
to buy just one silver coin, on average, the silver
producers would, within only 9 years, have used
the entire stock of silver bullion to produce
coins!
As silver is an industrial metal, there has never
been a ban on silver whereas in almost all major
wars the ownership of gold was a punishable
offence.
An Ounce Of Silver
Most silver coins such as the
Austrian Silver Philharmonic,
or the Canadian Maple Leaf
weigh an ounce.
One ounce equals 31.1g.
(26 Ounces/sec)
Live Usage In
Cubic Decimetres:
(Roughly equivalent to
silver bars in the size
of 1 litre milk cartons.)