2012 5oz Silver Coin - Farewell To The Penny (last Coa Number 1500/1500)
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2012 5oz Silver Coin - Farewell To The Penny (last Coa Number 1500/1500):
The truth is that global silver supplies (Most especially in China) are being used up at an ever increasing rate and the underground supplies are running out and most of the silver that is used by industry is not recycled/reused and also ends up oxidizing overtime.
Each year more and more silver is having to be used by industry and is having to be taken from above ground sources/supplies as it is being used faster then it is being dug up and it is estimated that within about twenty years the underground supplies will become extremely hard to find and very expensive to unearth meaning that the price of silver, most especially high grade silver will go through the roof as it too will end up being all but exhausted by industry, especially given the fact that there is far less high-grade silver then there is high-grade gold and that it is becoming ever more popular/sought after my jewellers, coin dealers, industries and people in general.
Plus, almost every bit of high grade gold is melted into bars, almost all of which are stored/kept locked away from the public, out of sight out of mind and the banks, industries and many other are doing what they can to keep the value of gold as high as possible and silver as low as possible, but it is only a matter of time before the silver supplies are low enough so that the truth will have to be known by everyone.
Chinas massive industrial sectors are using up mass amount of silver and there remaining supplies are nearing crises point and as for Canada, the US and Australia just to name a few we/they are really starting to feel the heat as well and industry is ever increasing around the world and when taking a look at India and many others it is clear that it will just keep expanding and even though industries are able to use a little less silver now and a little more gold there is still more silver being used up each year which just goes to show just how valuable/vital it really is.
Silver, like gold is vital to industry (There are other metals that can replace these two but they are not as common and would cost too much for industry) and it is only a matter of time before the demand for silver truly skyrockets and that added to an ever decreasing supply will equal definite price hikes and gold can be continuously reused by industry but silver is another story entirely and the silver that is reused can only be reused so often before it is also discarded and all gold regardless of its grade can be recycled/reused continuously.
Again, this is a very popular coin and will make a wonderful addition that is sure to be a real eye pleaser and an excellent investment and if anyone has any questions at all then please feel free to let me know anytime, thanks SO much for your interest and best of luck to everyone :)