My name is Shawn Ozbun, and our goal is to keep you up to date with what’s going on in the world of Gold and Silver by providing you with current news and precious metals pricing.
The Silvertowne Vault Cast is brought to you by www.Silvertowne.com
Welcome back to the SilverTowne vault cast. Today I’m going to read a few more comments from you listeners and then I'm going to cover the magical powers of silver. Before I get into all of that, lets have a look at today’s precious metals pricing.
Gold - $1324.60 Up $10.15
Silver - $20.91 Up $0.36
Platinum - $1497.50 Down $5.00
Palladium - $740.00 Down $2.00
The Indispensable Element
Silver has innumerable applications in art, science, industry and beyond.
At the highest level, though, demand for silver breaks down into three important categories: silver in industry, investment, and silver jewelry & décor. Together, these three areas represent more than 95 % of annual silver demand. In 2010, 487.4 million ounces of silver were used for industrial applications, while over 167.0 million ounces of silver were committed to silver jewelry and 101.3 million ounces were used in coins and medals.
With unique properties including its strength, malleability and ductility, its electrical and thermal aconductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges, it is an element without substitution.
- Silver in Medicine
Silver has long been revered by the medical community. Hippocrates, “the father of medicine,” knew of its healing and anti-disease properties. In World War I, before the event of antibiotics, it was an important weapon against disease on the battlefield. More recently, the FDA approved a breathing tube with a fine coating of silver, after it was established that it reduced the risk of ventilator-associated pneumonia. And that’s just one example of the many roles silver plays in medicine today. It is also added to bandages and wound-dressings, catheters and other medical instruments and is a key part of the technology behind X-rays.
Given its many applications, it is likely that you have encountered silver at a visit to the doctor, hospital or even being treated at home.
Another key use for silver is in the millions of water purifiers that are sold each year. Silver prevents bacteria and algae from building up in their filters so that they can do their job to rid drinking water of bacteria, chlorine, trihalomethanes, lead, particulates and odor. Research has shown that the catalytic action of silver, in concert with oxygen, provides a powerful sanitizer that virtually eliminates the need for the use of corrosive chlorine.
• Silver in Water Purification
Silver ions are also starting to be added to water purification systems in hospitals, community water systems, pools and spas. It is slowly replacing chlorine as the widespread element of choice for filtration. Silver also eradicates Legionnaires’ disease, which is caused by buildup in pipes, connections and water tanks.
Water-born illness is a major problem in developing nations. The full extent to which silver can help treat the issue of clean drinking water has yet to be seen but ongoing research is showing its usage to be an exciting development for the global water supply. Read More....
Silver is also used in Green technologies, solar energy, silver is in windows and glass, x-rays in developing countries, and silver in nanotechnology.
For the best source for acquiring gold and silver please contact Silvertowne at 1-877-477- Coin, that’s 1-877-477-2646 or you can visit us at www.silvertowne.com. Silvertowne has been a trusted precious metals and numismatics dealer since 1949.
One of the most common ways to invest in silver is with silver ingot. They are affordable, portable and easy to stack and store. Popular SilverTowne Trademark Silver Bars, featuring a classic prospector and his donkey, are guaranteed .999 fine silver and available in 1, 5 and 10 ounce sizes and SilverTowne is currently offering free shipping for these ingots. Contact Silvertowne today.
[Disclaimer] Shawn Ozbun is not a licensed financial adviser, there is risk associated with all investment including gold and silver. You should seek advise from a licensed financial expert before making a purchase.
