As for buying jewelry man, gold doesn’t suit me. I think it would be beyond common sense to freak out if I were to buy a 300g gold chain.
Buying all kinds of silver objects, such as coins, chains, pendants, I noticed that they also have value. Naturally, the price of silver is much lower than that of gold.
But silver has potential and I think it’s a good way to preserve money given the fact that its price has been steadily increasing. It is also more affordable. A gram of pure silver costs around $ 0.7.
Naturally, a well-made coin or pendant will be worth much more at pawn shops, both when buying and especially when selling.
Pawn shops that accept to buy silver items will not only pay per gram, but will also take into account the workmanship and symbolic value.
I tested the silver market a bit. I bought a silver coin, and sold it at a pawn shop a while ago. I was surprised that he paid me not only the value in grams but also the fact that it was a crafted object and because it had some symbolic value it mattered.
The value of silver has started to increase and is increasing because the market demand is increasing. More and more silver car parts are being produced and will be produced for hybrid cars, or for some electrical devices, parts that cannot be made from any other material.
I think that in the long term it is not only an investment but also a method of holding values that remain constant for a long time, just like gold for that matter. Precious metals, while they can go down or up in value, don’t do it in a striking way.
Gold and silver have not been volatile and I believe they never will be. For those who are more ardent in investing and have decent amounts of money they can try silver bullion.
As predicted, this material – silver in the future will be increasingly rare and expensive. Personally, I always have 3 silver items with me, including a chain that I wear around my neck as a birthday present from myself, a pendant and a coin that I keep in my wallet. I intend to buy a ring, also silver from silver, as a piece of jewelry.
As I said, there are some pawn shops that value the quality of the object’s workmanship and not necessarily the purity or the weight.
Silver is a precious material that will be increasingly sought after in the future because it will be needed in a certain type of industry that is starting to take off – electronics. So, an ever-increasing demand will most likely follow, and implicitly an increase in its value. Invest in silver!