markettiffany
New member
Siver jewelry is becoming more and more popular. And with the improvement of living standards, maybe it will replace the gold jewelry, but do you know why?
More than all of the silver produced by the mines each year is consumed by industry, which leaves little to no room for substantial investment demand. A marginal increase in investment demand will drive prices sky high.
Most silver is produced as a by-product of mining gold, copper, zinc, or lead. Higher silver prices might not substantially increase the amount of silver mined each year. Consider, in 1980, when silver prices went up to $50/oz., less silver was mined than in 1979.
So watts this mean to the jewelry sector? Simple a huge increase in the cost of silver jewelry and with that will come a bigger demand by the general public.
Now this is were it gets tricky, if you are a jewelry retail shop or a customer you have to be sure that the silver your selling or the silver jewelry item your buying is of the highest standard, 98% fine silver is the best. It is quickly becoming the new fashion standard.
At present 90% of all silver is made to a standard 925% Sterling silver, which means it has a small amount of impurities added, However for an investment this just isn't good enough. And it gets worse, if you do buying trips for silver from lets say to Asian countries, the majority of silver in street stalls would not pass the assay test 925 that is because the manufacturer has added large amounts of copper or bronze with the silver in order to be able to sell it cheap.
There are no tricks to buying silver, firstly you must establish a good customer relationship with a reputable manufacture or wholesaler.
Secondly he should be happy to provide documentation of were the raw silver comes from with a assay test certificate.
Thirdly try and buy silver that is Monogrammed, Customers love having designer name brands such as KDL, and you will find that if a manufacturer is name stamping his silver jewelry he has a reputation to protect.
Now you ought to know the reason, and the silver jewelry may replace the gold jewelry in the near future, people would tend to buy the silver jewelry.
Editor:Lee
Article source:
http://www.articlesbase.com/jewelry-articles/why-silver-jewelry-is-fast-becoming-a-better-investment-than-gold-jewelry-475978.html
More than all of the silver produced by the mines each year is consumed by industry, which leaves little to no room for substantial investment demand. A marginal increase in investment demand will drive prices sky high.
Most silver is produced as a by-product of mining gold, copper, zinc, or lead. Higher silver prices might not substantially increase the amount of silver mined each year. Consider, in 1980, when silver prices went up to $50/oz., less silver was mined than in 1979.
So watts this mean to the jewelry sector? Simple a huge increase in the cost of silver jewelry and with that will come a bigger demand by the general public.
Now this is were it gets tricky, if you are a jewelry retail shop or a customer you have to be sure that the silver your selling or the silver jewelry item your buying is of the highest standard, 98% fine silver is the best. It is quickly becoming the new fashion standard.
At present 90% of all silver is made to a standard 925% Sterling silver, which means it has a small amount of impurities added, However for an investment this just isn't good enough. And it gets worse, if you do buying trips for silver from lets say to Asian countries, the majority of silver in street stalls would not pass the assay test 925 that is because the manufacturer has added large amounts of copper or bronze with the silver in order to be able to sell it cheap.
There are no tricks to buying silver, firstly you must establish a good customer relationship with a reputable manufacture or wholesaler.
Secondly he should be happy to provide documentation of were the raw silver comes from with a assay test certificate.
Thirdly try and buy silver that is Monogrammed, Customers love having designer name brands such as KDL, and you will find that if a manufacturer is name stamping his silver jewelry he has a reputation to protect.
Now you ought to know the reason, and the silver jewelry may replace the gold jewelry in the near future, people would tend to buy the silver jewelry.
Editor:Lee
Article source:
http://www.articlesbase.com/jewelry-articles/why-silver-jewelry-is-fast-becoming-a-better-investment-than-gold-jewelry-475978.html