What was silver worth in 1970




















Current Gold Holdings Amount. Weight Ounce Gram Kilogram. Current Price. Current Value. Future Gold Price. Future Gold Value. Current Silver Holdings Amount. Future Silver Price. Future Silver Value. Wealth Summary. Future Value. Save the values of the calculator to a cookie on your computer.

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The Holdings Calculator permits you to calculate the current value of your gold and silver. Enter a number Amount in the left text field. Select Ounce, Gram or Kilogram for the weight. Select a Currency. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Yet, silver is a finite resource and the supply of silver is increasing only very incrementally. The low price of silver makes recovery and recycling uneconomic.

Unlike gold, silver is like oil — as it is consumed in these many industrial applications it is gone forever. Silver: Increasing Investment Demand Investment demand for silver has risen in recent years as investors concerned about the value and safety of property, equities and deposits allocated funds diversify to the finite commodities and currencies of silver and gold. More recently, there have been increasing concerns about the value of paper currencies themselves voiced by many including Alan Greenspan, John Paulson and George Soros which is leading to further diversification into hard assets and precious metals.

There has been a marked increase in investment demand for silver in recent years. Some of the reasons why this trend is likely to continue are — the introduction of ETFs that track the price of silver, a new global liquidity bubble, the significant growth in the global money supply, the proliferation of millionaires, ultra high net worth individuals and billionaires, the proliferation of hedge funds and the exponential growth in derivatives. There is still a debate as to whether derivatives are a good or a bad thing.

Alan Greenspan recently warned they could lead to "cascading cross defaults. For this reason Buffett presciently called derivatives "financial weapons of mass destruction" in Investors in silver bullion coins and bars are hedging themselves against further deflation and falls in property and equity markets. They are further protecting themselves against rising inflation, possible currency devaluations and still very prevalent geopolitical and macroeconomic risks such those posed by the humongous global derivatives market.

Silver Undervalued Versu s Go ld. This is particularly the case on a long term historical basis. The long term historical average gold to silver ratio is and this is because it is estimated that geologically there are some 15 parts of silver in the ground for every one part of gold. A picture or a chart truly is worth a thousand words and the chart above showing silver prices adjusted for inflation shows how seriously undervalued silver remains. Conclusion Silver is unique in terms of being both a monetary and an industrial metal.

GoldCore Recommendation Prudent investors should have an allocation to silver. Buy Silver Eagles at the most competitive prices for delivery or storage in one of the safest international precious metal vaults in the world. Silver Eagles are the official silver bullion coin of the United States and are guaranteed to contain one troy ounce of Since over 70 million American Silver Eagles have been bought by prudent investors and savers. Silver Eagles have become the most popular bullion coins in the world because of their beauty, quality and the assurance of weight and purity by the U.

The gold price has […]. Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. These ranges are quite small when […]. Our definitive silver buying guide explains your options when buying silver in greater detail. Live Silver Spot Price Today : view live charts of real time spot silver prices today.

All Precious Metals Current Prices : interactive charts including a gold price chart with real time prices, updated every minute. A published writer, Steven's coverage of precious metals goes beyond the daily news to explain how ancillary factors affect the market. Steven specializes in market analysis with an emphasis on stocks, corporate bonds, and government debt. Don't be the last to know about the latest deals and new product arrivals.

Join us today for FREE! Sign in or register. Buy Gold. Australian Gold Coins. Buy Now. Buy Silver. Silver Bars 10 Oz Silver Bars. Silver Dollars. Other Metals. Silver Certificate And Paper Money. View Charts. Jump To Section:. Silver Bars. Monthly silver prices from through in US dollars. Annual silver prices for the last 20 years in USD. Annual silver sales trends for the last 20 years in US dollars.



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