Often Silver is seen as the lesser alternative to Gold, this idea is fast becoming old fashioned though as Silver is now being named as this year's most valuable investment. Investors are now paying lots of attention to the soaring price of Silver which has outperformed Gold by far this year. Silver has jumped up 31% reaching a thirty year high.
According to the Telegraph newspaper the ratio of gold:silver is now below 50 for the first time in the last year. The ratio represents the number of ounces of silver required to buy one ounce of Gold.
Gold is now costing at $131.7 whereas Silver costs only $22.11 per ounce at the moment, this suggests a ratio of 59.6. Many experts predict that Silver will trade at $24 within the next year.
The Telegraph newspaper do point out that the figure tends to historically settle at about 40 which suggests that Silver is actually being very undervalued at the moment compared to Gold and therefore it is set to rise again in the coming months and years.
With the value of paper currency being constantly devalued, investing in Gold or more importantly Silver is an excellent way of safe guarding your finances in the current economic hardship.
The cost of Gold may have risen to record highs but the price of silver has now reached an all time high for thirty years. The price of Gold has surged recently due to the weak US dollar which usually moves in the opposite direction to precious metals.
The price of silver had risen 31% this year which has outperformed every other precious metal.
With Christmas on the horizon it makes good sense to invest in an antique or piece of jewellery made from Silver. Not only is Silver a very wearable and versatile metal but it is also very durable and can be cleaned to look brand new within minutes.
silver costume jewellery.silver fashion jewellery is available from Pearl and Butler.