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The Top 10 Gold Producing Countries

Gold is mined in countries all over the world, but which countries currently produce the largest amount? Here are the top ten biggest producers of gold, ranked by the amount they produce each year in metric tons.

The world’s top gold producing countries

1: China – (455 metric tons)

Dominating the list of biggest gold producers in the world is China, with 455 Metric Tons of gold produced last year. This is the tenth year that they have been top of this list, however, the amount of mineable gold in China is said to be declining.  Are China exhausting their gold reserves? With only 2000 MT of mineable gold left, they could potentially run out within the next 4-5 years. It would be interesting to see how the gold market was to react should China’s gold output begin to drop.


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2: Australia – (270 metric tons)

With 270 MT of gold produced last year, Australia comes second on the PHYS01_Animated_Gif_2_MPUlist of biggest producers. The sale of Newcrest Mining was partly to blame for an 8 MT decline in production from the previous year. Australia has the biggest gold reserve in the world at 9,500 MT. They are currently mining steady rates of gold and are set to run out in approximately 35 years’ time.

3: Russia – (250 metric tons)

Russia plans on producing 400 MT of gold a year BY 2030. They currently have 8000 MT of gold reserves, the second largest in the world. With a country the size of Russia, there is little doubt that there is plenty more gold left to mine. Estimates predict that Russia have a minimum of 20 years of mining left.

4: United States – 209 (metric tons)

Production of gold in the US hit 209 MT last year, this is down from the previous year (214 MT) The decline in production, like Australia is also due to the sale of mines and mine closures in Nevada.

Gold Producing Countries
Vintage gold mine cart

5: Canada – 170 (metric tons)

Canada has seen a rise of 17 MT in 2016, up from the previous year. With the expansion of Canadian gold mines and the development of two brand new Nunavut mines in 2019, their gold output is set to rise. Canadian gold reserves are set to last for at least 14 years at the current rate of mining.

6: Peru – 150 (metric tons)

Peru also saw a rise in gold production during 2016 with a 4 MT increase on the previous year.  Peru is ranked in the top three countries in the world in terms of Copper, Silver, Zinc and Tin production. Their economy is driven by mining. As the 6th largest miner of gold their reserves (2400 MT) are set to run out by 2033.

7: South Africa – 140 (metric tons)

Since the 1980’s South Africa’s gold reserves have dropped significantly, from the world’s biggest gold producer in 2007 to where they stand now, as only the 7th largest in the world. South Africa currently have the 3rd largest gold reserve in the world and at their current rate of mining, they still have another 42 years of production left.
Insider's Guide to gold and silver

8: Mexico – 125 (metric tons)

Maturing gold mines and production challenges have severely affected Mexico’s gold operations in recent times. Mexico’s gold reserves currently stand at 1400 MT and if they carry on mining at this rate, they are set to run out of gold in approximately 11 years.

9: Uzbekistan – 100 (metric tons)

With a decline of 2 MT in gold output last year, Uzbekistan produced less gold in 2016 than the year previously. The country mined a total of 100 MT during 2016 and have a reserve of 1700 MT, which is 1300 less than Indonesia, positioned at number 10 on this list. Uzbekistan has an estimated 17 years of mining left in them.

10: Indonesia – 100 (metric tons)

Indonesia has increased its production of gold by 3 MT on last year, which ties them with Uzbekistan in terms of total gold produced. One factor that could potentially affect this year’s out- put however, is the long-running dispute between the owner of the Grasberg mine, Indonesia’s largest gold mine and the Indonesian government.

Gold Producing Countries
Raw, unprocessed gold

Other nations such as Brazil, Papua New Guinea, Ghana, Columbia and Kazakhstan also contribute to the global output of Gold. The companies that produce the most gold include: Barrick Gold, Newmont Mining, AngloGold Ashanti, Goldcorp and Kinross Gold.

Could we potentially run out of gold?

As gold reserves decline, the gold market

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will be forced to adapt as it becomes more expensive for mines to continue exploring for new gold. A need for costly new equipment and materials adding to the expense. Failure to adapt has already led to South Africa falling from its spot as the largest producer of gold in the world to only 7th in just over a decade. With the increased risk of mining gold, mining companies are forced to try and raise their profit margins in order to offset the risk. Currently the world has an estimated gold reserve of 57,000 MT. With 3,100 MT mined in 2016 mineable gold could potentially run out in the next 18-20 years, should no new sources be discovered.

Related articles

Also read our related article “The top 10 silver producing countries today” and our Infographic “Where in the world is the gold?”

Invest in gold today

Physical Gold is a UK dealer of Gold and Silver and offers products including Pension Gold, Tax Free Gold and Silver Coins. As a trusted dealer we will advise you on all the options available to you and your investment will also come with a high-level security storage service along with insurance provided by Lloyds of London. Expand your portfolio today. Call for expert advice on 02070 609 992 or email info@physicalgold.com.

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The Benefits of Silver in a Diverse Investment Portfolio

One may have heard the much clichéd term – ‘never keep all your eggs in one basket.’ When it comes to financial investing, this is however true. Portfolio diversification is a technique used by savvy investors that does just that. It is a well-researched, concerted strategy that reduces the risk of a portfolio by spreading investments across a number of asset classes, financial instruments, industries and commodities. We go on to discuss this topic in detail throughout this article.


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The case for portfolio diversification

The actual decision to diversify is guided by mathematical calculations carried PHYS01_Animated_Gif_2_MPUout by professional financial advisors who advise their clients on where to put their money. The calculations of risk usually take into account two types of risks: un-diversifiable and diversifiable. Un-diversifiable risk usually refers to risks that are systematic. Otherwise known as ‘market risk’, these are risks that are common to all asset classes, stocks, bonds and the investor has no choice but to accept this risk. Examples of these risks could be interest rates, exchange rates, rates of inflation, political situations, war, or even Brexit.

What else should I know about risk?

Diversifiable risk, however, refers to risks associated with specific industries, countries, asset classes, company stocks, etc. The investor can choose not to invest in a certain country or industry in order to avoid the associated risks. The objective of the diversification exercise is to make investments in different asset classes in a way that ensures that the overall portfolio gains. This happens by offsetting the risk associated with a particular asset class with the gain enjoyed through investments in another asset class.

Silver as a commodity investment

Real estate and commodities are asset classes often added to stocks, bonds, cash and financial instruments when planning a diversified portfolio. Silver is a commodity, as is gold. The two precious metals have always been a safe haven for investors hedging against market risk and inflation. Inflation slowly devalues cash held by an investor in bank accounts and cash deposits. The rate of interest provided by banks fails to offset the risks of inflation.

How can we protect ourselves?

As inflation triggers price rises everywhere, the price of silver also rises and protects investors against inflationary forces. Similarly, when stock markets crash, investors pull their money out of markets and move it into traditionally safe havens like real estate and precious metals. Again, the price of silver rises, making it an attractive investment to hedge against market risk. In 2011, the US debt ceiling crisis saw Moody’s and S&P downgrading their rating of the US economy. As a result, silver prices peaked and on April 25, 2011, silver traded at $49.80 per ounce on the New York spot market.

Silver in a Diverse Investment Portfolio
Silver is a popular asset class for hedging risk

The performance of silver as an asset class

Historically, the price of silver has always tracked gold although the price of gold against silver is 75:1. This makes silver an attractive investment in the long run. While COMEX silver prices have declined from the heady days of 2011 when it traded close to $50 an ounce to a current price of $17.04 per ounce, it has held steady over the last year, dropping by only a dollar. As an investable asset class, silver has the following attributes:

  • Silver is more appealing to investors simply because

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    of its lower price point. You can buy a kilo of silver for only £412, but a kilo of gold will set you back by £31,162

  • The demand for silver is a lot greater than gold, due to its industrial use. But for every ounce of gold, the industry mines 9 ounces of silver. Experts believe that the current gold/silver ratio of 75:1 will not last. They are pegging silver to rise to $140 an ounce by 2019
  • Silver and other ‘hard’ assets are an excellent hedge against the threat of cybercrime. Hackers can get in and manipulate digital data and cryptocurrencies, but silver coins and bars are safe from such risks
  • Silver offers excellent short-term liquidity to an investor. Other defensive asset classes like property cannot be sold quickly. Gold being more expensive does not provide a suitable avenue for freeing up capital for smaller tranches of investment. Silver is, therefore, an excellent choice for an investor who wants to hedge risks in the short term, and then wants to liquidate small chunks of capital to put back into the market once it rises

Call us for expert advice on investment in precious metals

Our investment experts are always available to discuss your investment needs and can help you diversify your investment portfolio by investing in silver. Call 020 7060 9992 to speak with one of our advisors or email us and we will be in touch with you. Once you decide to invest in metals to diversify your portfolio, we can help you make the right choice.

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Silver Industrial Uses and Applications

The soft shiny white metal

Throughout history, silver has had an unbeatable reputation as an ornamental metal. Used in coins and jewellery throughout the ages, silver has now evolved as a metal that enjoys great industrial demand. Silver has certain unique properties that make it a favourite for industrial usage. Across the electronic industry, computers, telecommunications and pharmaceuticals, silver evolved to take centre stage as an important element, widely used in modern innovations.

Leading silver producing nations

Leading the league table of silver producing nations, Mexico and Peru Insider's Guide to gold and silverremain the top two, followed by China, Chile and Russia. Silver is mined from silver mines, or manufactured as a by-product from lead and zinc mines. Silver is separated from the ores using a process of smelting and refining. The electronics industry demands the purest silver which has a fineness of 999.9.


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Properties of silver

Unlike its ornamental history, silver isn’t used in industry simply because it’s rare and valuable. Silver has strong anti-corrosive properties and also resists oxidation. Although gold does this better, gold bars and gold coins are also far more expensive to use. Currently, the spot price of gold to silver is 75:1. But when it comes to thermal and electrical conductivity, silver is the first choice for industrial applications. In fact, it is the best thermal and electrical conductor among all metals. Silver is also anti-microbial. When silver ions turn positive, it fights bacteria by binding with negative oxygen ions within the bacteria itself. It also changes colour when it comes in contact with toxic substances. These properties make it useful in the manufacture of medicinal, pharmaceutical and consumer products.

That’s not all

Silver is a lustrous and reflective metal and this makes it perfect for use in jewellery, silverware and mirrors. It is both malleable and ductile. It can, therefore, be flattened into sheets, pulled and drawn into thin wire, making it ideal for industrial applications, particularly in the electronics industry. Photosensitivity is yet another property that silver enjoys and is used in films and photography. In fact, there’s little one can’t do with silver. It can be made into a powder, flaked, suspended as a colloid and used as a catalyst. Silver is also a metal that can easily be blended with other metals to form alloys.

Silver Industrial Uses
The use of silver in photovoltaic cells is rapidly increasing

Uses and applications in industry

Of course, given its unparalleled conductivity, it is widely used in electronics. It is used as contacts in electrical switches. From automobiles to refrigerators, wherever contact switches are required, you can find silver.

Conductive pastes are made using a silver-palladium alloy. These pastes have a wide range of uses in industry. An example is the thermal paste used on the heat-sink, which is attached to the CPUs of computers. The rear defrost function in many cars uses a silver paste. Huge technological innovations in recent years have given rise to the use of Nano silver. Nano silver has an extremely small particle size, and can, therefore, be used in the production of printed electronics such as printed circuit boards and electrodes used in a supercapacitor.

Plasma televisions use a silver electrode that produces high-quality images, while LED (light emitting diodes) use electrodes to create energy efficient lighting for our homes.

Use of silver in the energy industry

Solar panels use silver paste contacts which are printed on photovoltaic cells. When the energy from the sun hits the semi-conducting layers of these cells, power is produced. These cells then acquire and transmit the current with minimum loss. The use of silver in photovoltaic cells is rapidly increasing as the solar industry grows. Another method of generating power is to reflect the solar energy using silver. The reflected energy is captured by collectors that use salts to generate electricity. The use of silver is not limited to solar energy. Silver is widely used in control rods that are used to attract neutrons and slow down the rate of fission in a nuclear reactor.PHYS01_Animated_Gif_2_MPU

The use of silver in photography

The rise of digital media has now slowed down the use of silver in the photography industry. Until recently, silver halide crystals played a key role in traditional film photography. Upon exposure to light, the crystals would record a change to create an image that could then be developed into a photograph. Although digital cameras have now taken over, this method is still used in traditional photography, as well as the field of medicine, where the technology is used to generate x-rays. An interesting fact is that the term ‘silver screen’ had nothing to do with filming. The screen on which movies were projected also used silver, hence the name.

The use of silver in medicine

Apart from the antibiotic and non-toxic properties

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of silver, medicine has used silver for thousands of years. Before the age of antibiotics, silver foil would be wrapped around wounds to help patients heal. Colloidal silver still remains a cure to be taken internally, to fight illnesses. The use of the metal in eye drops and dental products remains prevalent as a popular method of prevention and cure of infection.

Why does this matter?

The advent of superbugs like MRSA has created new demand for silver in hospitals. Silver is being widely used in the production of surgical equipment, wound dressings and even hospital surfaces in order to fight pathogens. Silver sulfadiazine is particularly useful in treating burn victims because it stimulates the growth of the skin while it kills bacteria.  Silver ion is also used in the treatment of bone infections and regeneration of damaged tissue.

Silver Industrial Uses
Printed circuit boards in electronics use silver coated connectors

Get in touch with our experts to discuss investing in silver

In addition to the widespread use of silver across industries, silver remains a popular precious metal worthy of investment. Silver is used universally in making silver coins (such as silver Britannias) and silver bars (such as 1kg). Call Physical Gold Limited on 020 7060 9992 or drop us an email to find out how you can invest in this valuable metal. Our investment experts can talk to you about the best way to buy silver, inform you about silver prices and discuss the future of silver investment. Silver prices have remained steady through 2017 and the future is bright for this versatile and extremely useful commodity in 2018.

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Health Benefits of Silver

Can the use of metal really have health benefits? Healing properties in gemstones, minerals and metals have long been a part of holistic treatments through time immemorial. It is a popular practice in several cultures around the world to wear amulets or other jewellery containing precious stones for spiritual and health benefits. In this article, we’ll look at the proven health benefits of silver.

What are the health benefits of silver?

Silver has many health benefits and has been used for centuries as an antimicrobial agent, and prolonged contact of the metal with the human body is said to have several health benefits, including better immunity. Silver is often used to fight infections and has preventive properties that aid in staving off colds and flu. Proximity to the metal may help regulate internal body heat and circulation. This property can be beneficial to humans suffering from a wide range of problems related to poor blood circulation, such as high blood pressure, varicose veins, etc. The natural properties of silver are also known to offset external electrical disturbances and maintain the temperature balance within the human body. Consequently, people who wear silver have reported benefits that include better energy levels and balanced emotional states, which they attribute to the use of the metal.

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Toxicity prevention and improved healing

Another reported benefit of wearing silver is that it improves the elasticity of our blood vessels. Therefore, silver can improve bone formation, help in healing surface wounds and is often used as an agent in the maintenance of the skin. An interesting property of silver is that it changes colour when it comes into contact with toxic chemicals. This can be really helpful in avoiding contact with toxic substances. Many people are even known to use silver lined gloves when working on their computers in order to stop electrical charges from entering their body.

health benefits silver
Medical research has proven silver to be a powerful antibacterial agent

The use of silver in the pharmaceutical industry

The use of silver has been prevalent in the pharmaceutical industry for long. Silver is often used in the manufacture of wound dressings, antibacterial creams and medical devices. Silver sulfadiazine is a chemical used to make wound dressings for external infections. Many medical devices are manufactured with an antibiotic coating that contains silver. Breathing tubes may sometimes use silver in order to reduce the risk of pneumonia, which could arise with the prolonged use of ventilators.

The chemistry behind the healing properties of silver

The beneficial properties of silver are derived from the chemical properties of the metal. A conductive field that is capable of reflecting electromagnetic radiation away from our bodies is created when silver ions gain a positive charge. This can favourably impact the body’s natural conductivity, which may result in improved blood circulation, temperature balance and promote a feeling of general well-being. These positively charged silver ions are capable of binding with oxygen receptors in bacteria that are negatively charged. This enables silver to battle harmful infections and disease.

Should I invest in gold or silver? – Learn what Daniel Fisher has to say in our video

Infact, findings of a study conducted in 2008 proved that arthritis sufferers can benefit from wearing a particular type of silver ring. The study found that sufferers of rheumatoid arthritis, which is a type of auto-immune disease can benefit from wearing silver ring splints. The silver reduces deformity of finger joints, which is common in patients who suffer from this condition.Insider's Guide to gold and silver

Talk to the experts in silver

Whether you are interested in buying silver for its healing properties or simply as an investment, the experts at Physical Gold are always on hand to help you make the right choice. Our guide on how to buy silver in five easy steps can help you make a start. Even better, call us now on 020 7060 9992 or simply drop us a line through our website and our team of experts will get back to you. They can talk you through everything you need to know about purchasing silver, including silver coins (such as Britannias) and silver bars (such as a 1 kilo bar). Let us guide you in making a purchase that you’ll be proud of in years to come.

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Selling Gold and Silver – 10 Important Considerations

When it comes to selling precious metals, there are several things you need to consider. We are lucky we live in an age where there are so many options available to investors and selling gold and silver at the best rate is relatively easy. However, if you’re not careful, it is very easy to get ripped off, particularly if you’re not sure what you’re doing. Here are 10 important considerations to consider when selling gold or silver.

1) Find out how much your gold/silver is worth before you sell it

Most dealers will always pay less than the spot price for your goods as they need to make money themselves. It’s always a good idea to get an idea of what your items are worth before you sell them, so you get a fair price. Try and do your own research as much as possible before selling your gold and silver, and if you need a rough idea of its value then there are gold/silver value calculators online that can give you the current value of your gold/silver per gram.


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2) Take note of futures prices

Futures prices are different from the spot price and show the predicted value of gold for some time in the future rather than their current value. Futures prices can only give you an indication of how well gold and silver are expected to perform, however, it is still worth checking futures prices before deciding to sell, as it can give you an idea on how well the market’s performing.

3) Monitor exchange rates as well as gold/silver prices

Since gold and silver are priced in US dollars, it is important to look at how well your currency is performing against the dollar before deciding whether to sell. It is not enough to simply look at the current value of gold/silver because if the currency your trading in is weak against the dollar, you may find that you’re not making as much profit as you thought.

Selling gold and silver
Gold and silver coins

4) Should you sell on-line?

The internet has created many opportunities for investors to buy and sell online, however, there are risks involved with trading on the web. Whilst there are a huge number of traders and dealers on-line, there are also a lot of scams and companies looking to rip you off. Make sure you do your own research before selling online and shop around for different quotes. You can sometimes get better prices for your goods online as dealers have fewer overheads to pay.

Don’t be fooled by the several ‘cash for gold/silver’ schemes out there in the market. Most of the times, these are unscrupulous brokers who will pay you far less than what your precious metals may be worth. Also, it may not be safe to put your gold in the post and send it to these traders. Always trade with a well-known dealer who has a clean track record. There are several good online traders in the market today. It’s worth doing your homework in order to identify a couple. In the same vein, it’s better to develop a relationship with two or three good brokers, rather than stick to just one. This will give you the advantage of being able to shop around and lookout for the best deal you can get.

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5) How liquid are the goods?

When purchasing gold or silver to sell, it is important to think about the liquidity of the goods before you buy them. In other words, how quickly or easily can you convert them into cash. Both gold and silver are considered liquid commodities, however, depending on what form you buy it in, it can sometimes be more liquid than others. For example, bullion coins are typically much more liquid than numismatic coins as the market tends to be less volatile and it isn’t exclusively coined collectors who buy them. Silver is also more of a liquid asset than gold. This is because it is much more affordable for most people, and therefore there are more buyers out there.

6) Sending by post

If you’re planning on posting the goods to a buyer, then you should always check first to see if your courier allows the transportation of gold or silver and whether the goods are ensured in the event of loss or damage. Most couriers do not insure gold or money, this means that if there’s a problem you probably won’t get your money back. Always make sure your parcel is tracked when sending and that they are “signed for” on delivery.

 

Selling gold and silver
Three Gold Bars

7) Capital gains tax

Capital gains tax applies to everything you sell, exchange or have made a profit on. If you make more than £12,000 profit on any items you’ve traded in the financial year, then you will be subject to pay capital gains tax on anything over that amount. Certain bullion coins are exempt from CGT tax altogether in the UK. These include any coins produced by the Royal Mint that are considered British legal currency. For example, silver Britannia coins are exempt from CGT.

8) Don’t expect to get the spot price

You will rarely be offered the spot price when selling gold or silver as dealers are looking to make as much money as possible. Normally a dealer will have a buying price and a selling price. If you’re selling goods to the dealer you will always get less than if you’re buying from them. This is known as the spread.

Selling gold and silver
It’s best to shop around for the best price when selling gold bars

As a buyer or seller, it’s important to understand the role that premiums play in the price of gold and silver. The spot price is really a guide price in the market that is stated in USD per ounce. Of course, on any given day, you will need to convert this price into GBP to understand it better. The good news is that many reputed UK brokers will already have the Sterling price up on their websites. Now, when you buy precious metals, you will pay a slightly higher price margin than the spot. Likewise, when you sell, you will receive a slightly lower price than the spot price at that point in time. Of course, these premiums can vary depending on what you’re buying or selling. For example, if you are buying gold coins that are rare and have numismatic value, they would command much higher premiums due to their age and market value.

Insider's Guide to gold and silver

9) Avoid the spread

The difference between the price a dealer pays for your goods at and the price they sell them for is known as the spread. One way to maximise your profit when selling gold and silver is to try and reduce the size of the spread through clever investing. The size of the spread can vary dramatically from dealer to dealer so always look around before buying. The spread is also considerably lower if you hold your gold in allocated storage with a bullion dealer rather than trading in physical coins.

10) Selling overseas

Don’t forget that when you sell overseas, the laws of the country in which you sell will apply to the sale. Always remember to check any rules and regulations that may be applicable if you plan on exporting gold abroad.

Selling to Physical Gold

Here at Physical Gold, we guarantee to buy back any gold and silver we sell. You can sell gold and silver very simply through us. Depending on current stock levels, we are also happy to buy any gold or silver you’ve bought from other vendors. Please check our website for up-to-date price guides and call us on 020 7060 9992.

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Price of Silver Analysis – Past 20 Years

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Silver as an asset class

Silver has been considered to be a valuable precious metal worth investing in and has been mined for five thousand years or more. Geologists found that for every ounce of gold in the earth’s crust, there are 17 ounces of silver.  Yet, the price parity between gold and silver is altogether different and currently stands at approximately 85:1. That means it takes nearly 75 ounces of silver to buy a single ounce of gold. While this may seem like the scales are tipping in favour of gold, in reality, it’s one of the reasons that silver appears attractive to investors who want to invest in precious metals but have limited funds to do so. So, if you think that adding silver to your investment portfolio is a good idea, then read on.

Price of silver analysis
Silver prices have seen their ups and downs over time

Determining the price of silver

The price at which silver is bought or sold is called the “spot price.” Since this precious metal is traded round the clock on every major market exchange around the world, a ‘live’ price of silver is always available. The centres of silver trade today are in London and the New York Mercantile Exchange (NYME). The NYME has a division called COMEX and the spot price is determined by COMEX.

What else do I need to know…

There are two prices to consider when purchasing silver – bid price and the ask price. The bid price reflects the highest offer and the lowest offer is the ask price. However, in markets today, real supply and demand aren’t required to affect the spot price. Shifts in global currency values, rising and falling interest rates and inflation levels all have their influences on the price of silver.


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Looking back over the last 20 years

Today silver is trading around the $17.00 per ounce mark. Yet, in 2010, PHYS01_Animated_Gif_2_MPUnot so long ago, the price of silver was $30.60 per ounce. When we see the cycle of movement in spot prices of silver, we can see 5-year swings that go up or down. The price of silver per ounce doubled during the period 2006-2010.

Price of silver analysis
Silver appears to be hovering around the $17 an oz mark over the last two years

A close look at the chart below tells us the story of silver prices over the last 15 years since 2002. It is apparent from the chart that silver has clearly had more good years than bad. Infact, it was only 2013 – 2015 that silver took a beating and closed lower than it’s previous years percentage annual change in prices.  We can see this trend repeat consecutively over these three years. The greatest fall year in 15 years is 2013, where silver fell a whopping 35.9%, followed by annual falls of 19.6% and 11.5% over 2014 and 2015 respectively. The two other years of decline were 2008 and 2011. 2008 was, of course, the great global market crash with the financial crisis spreading rapidly across the world. 2011 registered a fall of 10.2%, owing to a market correction. The previous year had seen US investors investing heavily in gold and silver to hedge against the rapid fall in the dollar’s buying power. So, when they dumped their positions in precious metals the following year, the prices crashed. In fact, when we correlate by looking at the chart below, we see that the price of silver rose in 2010 by 83%, the single highest rise in 15 years.

Interestingly, the fall in prices in 2013 saw a surge in fabrication and coin demand. Global demand for silver coins went up to 136 mn ounces in 2013, compared to 105.9 mn in 2012, while fabrication demand rose 6.3% to 865.8 mn ounces in 2013. In summary, silver prices have been through 11 good years over the last 16 years and risen at an average of 12.4% over this period. It remains a great choice as an asset class when included within a diversified portfolio with a long-term view.

Price of silver analysis
Silver prices have seen 11 good years and 5 bad years over the last 16 years

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Get in touch with us to discuss your investments

If you’re considering adding silver to your investment portfolio, you can benefit hugely from a wide range of advice that’s available on our website. Our gold and silver buying guide can guide you on how to invest in silver bullion. You can also find out the latest industry news, read articles from experts and find out more about the history of this precious metal.

Watch our video, which answers a frequently asked investor question – “Should I invest in gold or silver?”

Maybe you’re interested in investing in precious metals as part of your investment portfolio. Or perhaps you’re a gold and silver coin enthusiast, or just someone who’s curious about precious metals and wants to know a bit more. Well, you’ve come to the right place. Our team of experts can guide you through your purchases in our online shop. If you just need to speak to us, we’re a phone call away. Simply dial 020 7060 9992 or email us right here.

Image:  https://www.pexels.com/photo/silver-and-gold-coins-128867/

Charts: https://silverprice.org/

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Silver vs. Gold Investment – Pros and Cons

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Making an informed choice

Precious metals must always remain a serious contender as an asset class in a diversified investment portfolio.  Of course, the two most popular precious metals investors prefer are gold and silver. But what’s the upside in choosing one over the other? What’s the difference between the two metals other than their prices? When buying gold, investors need to be aware of a number of factors that can help them make an informed choice during purchase.  Sometimes it’s important to understand the flow of the market and diversify into silver for a while. In this article, we look at the pros and cons of investing in gold and silver.


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Investing in gold – pros

  • Gold represents safety for many investors across the world.
    Insider's Guide to gold and silver
    Whenever financial markets are at risk, or there is political turmoil in a certain geographic area, or the US dollar falls against the Euro, investors will choose gold to hedge their risk and insulate themselves from the crisis at hand.
  • Gold is considered by many investors to be a stable, dependable asset class that accrues steadily over the long term. It has low volatility and while it does not generate high returns in the short run, the risks attached to it are also very low.
  • Since gold and silver are mined, supply and demand will have an impact on its spot price. In reality, though, the COMEX spot price of both gold and silver is impacted very little by supply and demand. However, the high barriers associated with mining and sourcing gold and silver ensures that new supply is limited and both asset classes remain stable.
  • Buying and selling gold is easy and investors can test the gold content of coins at the time of purchase.
  • Gold has an intrinsic ‘desire’ value in humans and many investors like to possess gold.
  • Since the asset is held in physical form, it is not at risk of being hacked, unlike assets held in an electronic exchange.

Investing in gold – cons

  • Investing in gold coins can be fraught with issues as specialist knowledge of old and rare coins may be required to verify the actual value of the investment.
  • The gold coins industry is controlled by dealers who often charge premium prices and fees in excess of the real value of the gold used to make the coins.
  • Once an investor has made a substantial investment in gold coins or bars, this needs to be stored securely and insured, both of which can be expensive.
Silver vs. gold investment
Gold and silver are two distinct choices for investment, when building a portfolio

Investing in silver – pros

  • Diversification is an extremely important factor to be considered when building a robust investment portfolio. Overexposure to any one asset class can open the investor up to undue risk. With this philosophy in mind, investment in silver is a healthy alternative to gold.
  • When we analyse 15 years of historic data related to spot prices of silver, we realise that silver has performed well and showed a healthy increase in price in most years. Silver prices posted positive growth in 11 years and crashed in 5 years from 2002 to 2017.
  • Since silver prices are more volatile than gold, as an asset class, it has the capability to generate quick returns, if it is bought at the right price point and sold off at a lucrative peak. For example, in 2010 silver prices grew by 83% as US investors chose to hedge their risks by investing in metals to escape the volatility of the global currency markets.

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Investing in silver – cons

  • Due to volatility in silver prices, taking possession of the physical asset, storing it and again selling it at the right price can be cumbersome.
  • The rise of silver prices is dependent on a strong economy. However, during an economic boom, there would be better alternatives for investment and silver may not be the asset class of choice to deliver the best returns.

Contact us for the best advice in buying silver or gold

Mike Maloney says in his book – guide to investing in gold and silver,

“Of all the elements, silver is the indispensable metal. It is the most electronically conducive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.”

For the right advice on investing in precious metals, look no further. Call our team of specialists on 020 7060 9992 or send an email and let our experts help you make the right investment decision for gold and silver.

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Tax Advantage Benefits of Silver

One of the many reasons a lot of people are keen to invest in silver is that it offers certain tax advantages over other investments. Silver like many other commodities is subject to Capital Gains Tax here in the UK, however, there are ways around this which we will talk about in the following article.

What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax imposed by the government on any item you sell and have made a profit on. CGT applies to nearly all assets, whether it’s precious metals, property, stocks or shares. Most people who invest in silver won’t have to worry about ever paying CGT as you are tax exempt up to a value of £11,300 each financial year. This figure also doesn’t include your original outlay so for example, if you bought £25,000 worth of silver and sold it for £35,000, you would have only made a profit of £10,000 and therefore would not need to pay CGT.


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CGT also applies to any assets that you’ve disposed of in the current year. For example, if you’ve given away an asset or swapped it from something else then you may have to pay CGT. Insurance payouts for assets that have been lost or stolen are also subject to CGT.

Tax advantage benefits of silver
Avoid CGT by purchasing silver

Why invest in silver?

If you’re currently in a high tax bracket, you might pay less CGT on gold and silver as they are only taxed for capital gains tax purposes at the marginal rate of 28%. Even if an investor is in the 33%, 35% and 39.6% tax brackets the marginal rate of 28% only will apply.

Certain bullion coins are also exempt from CGT tax altogether in the UK. All coins produced by the Royal Mint and classed as British legal currency are exempt from Capital Gains Tax. This includes all silver Britannia coins and post-1837 sovereign coins. You can, therefore, make an unlimited tax-free profit on any of these coins.

Tax advantages of silver
Canadian Silver Dollars

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Purchasing silver from Physical Gold

Here at Physical Gold, we offer the chance for UK buyers to buy our silver coins and silver bars whilst delivering them straight to your door. We are able to offer this opportunity through careful sourcing of our coins and bars which allows us to exploit certain tax advantages in the EU. As UK silver coins are legal tender they are also exempt from CGT, so you can buy Silver Britannia’s from us without paying any tax at all! Please call 020 7060 9992 for more information.

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The Future of Gold in A Cashless Society

Gold has been a popular commodity and safe haven of wealth for centuries. However, as we approach the very real prospect of a cashless society, where does that leave precious metals such as gold and silver? Governments and financial institutions are very keen for us to move towards a cashless financial system, arguing that it is more efficient and easier to prevent crime, however, what it really boils down to is control. With everything being digitised, governments can see exactly what money is being spent where and have a far greater command of the financial system.

 What’s driving the move towards a cashless society?

Last year in the UK, more cashless payments were made than any year previously. In August 2016 over 260 million contact-less transactions were made in the UK alone, which represents a 200% increase from the year before. Across European countries like Sweden are already leading the way when it comes to becoming a society without cash, with cash transactions making up less than 2% of their total payments last year. If this evidence is anything to go by, a future without cash is a distinct possibility. Some experts believe we could even see it happen within the next five years.


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That’s not all….

What’s driving this move towards a cashless society? Well, convenience is one of the main reasons. Many people these days prefer to pay by card as it allows them to keep track of their payments more easily and it means they don’t have to carry cash around with them. The problem is the nearer we get towards becoming a cashless society, the more reliant we are on banks as well as the digital system. If all of our wealth is reduced to numbers on a screen, then we are essentially powerless in the event of a technology glitch. All it takes is a system failure and people could find themselves with nothing to fall back on and unable to make the basic transactions necessary to live on.

Gold in a cashless society
Gold Bullion Bars

Negative effects of a cashless society

For every positive argument put forward as to why we should become a cashless society, there are also several negatives. For example, the government are very keen to point out that the removal of cash from society will prevent crimes such as money laundering, however, cash money laundering in the UK is nowhere near as big a problem as cyber laundering. It is also an easier and less costly problem to solve. Furthermore, a completely digital monetary system leaves us more exposed to the risks of cyber theft and other white-collar crimes such as online fraud. Financial fraud losses in the UK last year totalled £768.8m. Impersonation and deception scams, as well as hacking and malware, were highlighted as being among the main problem areas, with payment card fraud alone accounting for £618m of the total losses.

What does this mean for you…

Another big problem with a cashless society is that control is taken away from the ordinary citizen. Small everyday transactions such as leaving a tip in a restaurant become much harder without access to hard cash. A fully digitised payment system also means complete transparency of people’s spending habits. Banks and big businesses can see exactly where people shop, what they spend and how they fund their everyday lives. In other words, they would basically have a very detailed and accurate personal profile of every single person in the country. With data protection already becoming such a huge problem, any system that makes it easier for people to take advantage of our personal information is a worrying thought.

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This is just one example of how banks would benefit hugely from a society without cash. As it stands, banks have to uphold a fairly acceptable level of interest rates in order to encourage people to bank with them. If people don’t have access to physical cash however, banks can afford to charge whatever interest rates they choose. In some counties including Germany, Denmark and Japan, this has even led to some banks charging negative interest rates in a bid to try and boost spending and investment. Some financial experts have warned that this could be a very real possibility if we continue down the path to a cashless society.

Gold in a cashless society
Cashless transactions are becoming the new norm

What this means for the future of gold

The closer we get to becoming a cashless society, the more important it will be for people to hold some form of tangible assets. In times of economic strife or uncertainty, people have always turned to gold as an answer and this is unlikely to change any time soon. In the near future, people will be forced to look for alternative physical currencies outside of the regulated system in order to protect their privacy and act as a safe haven against any systemic risks or potential Government expropriation. Gold is the perfect commodity in times such as these. Not only is it a finite resource with the potential to increase in value over time. Gold is also a very portable, easily stored form of wealth. Whereas people in the past might have stored some of their wealth in the form of a bag of money under the mattress, gold investments (such as gold bars and gold coins) could be the next best option for future generations.


Enjoy our video, “Buying gold – 5 reasons to invest” by clicking here.

This is already happening….

Countries around the world are already looking towards gold as a way of preserving wealth. Germany for example recently brought back all their gold reserves that were stored abroad in France and the US after the war back to the country. A clear indication they see gold as a valuable asset in these unstable economic times. In China, there is also a massive increase in the number of people investing in gold and the country saw a 50% increase in gold imports last year.
Insider's Guide to gold and silver

Interested in purchasing gold? Our advisers are here to help

Here at Physical Gold we strongly believe in the long-term benefits of investing in gold. If you would like to speak to one of our expert advisers, then please feel free to call us on 020 7060 9992 . We will then talk you through the different options available to you and advise on what we think is the right decision for you.

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7 Reasons to Own Silver

Historically silver has always been a popular method of wealth preservation. Along with other precious metals such as gold and platinum, it has long been admired for its many different properties and today silver is considered one of the most useful metals on the planet. Silver can be found across many different applications from jewellery, silverware and coins to electronic devices and solar panelling. New uses for the metal are being found all the time and current demand for silver is significantly outweighing supply. Here are 7 reasons why we think everyone should consider owning silver.


Thinking of buying silver? Download our FREE cheat sheet to successful silver investing first


1)    It’s a tangible asset

Unlike stocks and shares or even paper money, silver is a physical asset that will always be worth its weight in material value. Holding on to hard assets such as silver and gold can also offer vital protection against inflation or potential economic downfall. As a greater percentage of our wealth becomes digitised, having some form of tangible assets becomes even more important.

2)    It’s relatively affordable

Compared to other precious metals such as gold and platinum, silver represents a far more affordable option for most people. You can currently get around 75 ounces of silver for the equivalent value of an ounce of gold. For someone who can’t afford to buy gold but still wants the protection afforded them by hard assets, silver is a very attractive purchase.

Reasons to own silver
American Eagle Silver Bullion Coins

3)    More opportunities to buy and sell at a profit

The fact that silver is so widely used in modern industry makes it much more sensitive to changes in the market than some other precious metals. Whilst on one level this would suggest silver is a riskier investment, it also offers a great deal more opportunities to buy and sell at a profit. The fact that silver has retained its purchasing power over long periods of time means that even when the price is low, there is a strong chance it will rise again.

4)    It’s a finite resource

Like any other precious metal, silver is a finite resource which means that PHYS01_Animated_Gif_2_MPUone day we could potentially run out of it. Due to the fact that a lot of silver is used for industrial purposes, much of it isn’t recycled in the same way gold is and a lot of it is just discarded. Whilst this won’t affect the value of silver in the near future, the fact that we are using a lot more than we are producing means that supply might eventually become limited.

5)    Growing industrial demand

Whilst most people think of silver as being a decorative metal, there has recently been a massive increase in the amount of silver being used for industrial purposes. Advances in technology have led to a variety of new applications requiring the use of silver and industrial demand for the metal is predicted to rise by 27% in 2018. This is partly down to a huge growth in demand in China where the explosion of the solar energy industry has led to an increased need for silver. Additionally, cloud seeding is increasingly used to stimulate rainfall in water starved landscapes, one of the main chemicals needed in this process is silver nitrate.

Reasons to own Silver
5000-gram bars of silver bullion

6)    Silver reserves are struggling to keep up with demand

Several years ago, a massive crash in the silver market meant that mines had to cut costs significantly in order to stay profitable. With the cost of mining and extracting precious metals becoming costlier, it has become difficult for many of the mines to keep up with production. The irony of the matter is that since demand for silver has begun to rise, these mines are no longer able to produce enough silver to keep up with demand. If this trend continues then some experts predict we could run out of silver in a matter of decades.

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7)    There is no substitute for silver

Due to silver’s incredibly long list of beneficial properties, there are currently no substitute materials that could be used in its place should silver reserves ever run out. Silver is a very strong and malleable metal. It is also one of the best-known conductors of heat, light and electricity. As more uses for silver are being discovered, we have found ourselves relying heavily on this metal for all kinds of different things. For example, it is a little-known fact that silver is also very highly regarded within the medicinal industry. Due to it’s amazing anti-microbial properties it is often used in medical equipment as well as being used to purify water.

Do you need advice on owning silver?

If you would like to hear more about the potential benefits of owning silver, or perhaps you need some advice then give us a call? Please speak to one of our friendly advisers on 020 7060 9992

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Top 10 Silver Producing Countries Today

Silver is a precious metal with varied uses including making mirrors, in digital photography, in medicine, making jewellery, in currency, for storage of wealth and more. Here, we explore the top 10 countries that produce silver across the world.

10. Canada

Canada has several silver mining companies, and British Columbia

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is home to large silver deposits that are yet to be mined. Despite that, Canada extracts a larger percentage of its top-notch silver from different polymetallic veins that don’t yield a lot of silver. Canada recorded a rise in silver production from 493 to 500 metric tonnes in 2015.

9. United States

Since 1858, the United States has been producing silver. Today, Alaska and Nevada are the two-leading silver-producing states in the United States. In 2015, the country produced 1,090 metric tonnes of silver, mainly from three of its dedicated silver mines and about 40 other precious metal mining operations across the country. In 2016, the United States produced 1,100 metric tonnes. The largest silver producer in the US is Coeur Mining. While Coeur’s projects are not focused on silver, it operates silver mines in Australia and South America.

Silver Production
1,090 metric tonnes of silver were produced in the United States in 2015

8. Bolivia

The silver output of Bolivia remained steady at 1,300 metric tonnes between 2015 and 2016, although there is still room for expansion of the country’s silver industry. Bolivia has several silver mines, especially in the Potosi region. Besides, the San Cristobal mine is the third largest silver reserve of any mine globally and is operated by Sumitomo.

7. Poland

In 2016, Poland’s output was 1,400 metric tonnes, matching Australia’s output. This was an increase of 220 metric tonnes from 2015. Poland based silver producing company, Polka Meidsz, is one of the world’s leading silver producers. A survey by the Silver Institute of Poland shows that the country can raise its production capacity by expanding its mining companies.

6. Russia

Russia’s output sunk to 1,400 MT in 2016 from 1,430 MT in 2015. Although Russia’s PHYS01_Animated_Gif_2_MPUsilver reserves are not known, it has been among the top producers of silver for years. Polymetal International is Russia’s largest silver producer. The company dominates silver mining across Russia and operates four of the top five silver mines in the country. In 2016, Polymetal generated 7 million ounces – a 3 percent drop from 2015.

5. Australia

In 2016, Australia’s mines churned out 1,400 metric tonnes of silver, which was a slight drop from 1,430 metric tonnes in 2015. That drop positioned Australia as the fifth-largest producer of silver in the world. Despite that, Australia has a rich history of silver mining, which dates back to the 1920s when BHP Billiton started there as a silver operation. To this day, BHP Billiton a huge mining company with outlets dotted in different countries. It is Australia’s largest silver producer and operates Queensland’s Cannington mine, which leads in silver production than any other mine in Australia.

4. Chile

Chile takes the fourth position; it produced 1,500 metric tonnes in 2016 up from 1,380 metric tonnes in 2015. That rise catapulted Chile from the fifth to the fourth largest producer of silver in the world. In the next three years, Chile’s government has decided to raise production by creating new strategies and rolling out extraction plans that would be more cost effective and energy efficient.

Learn about investment jargon in our video – “Gold & silver investment jargon explained”

3. China

China took the fourth position in terms of silver production back in 2002, and it earned the title: “solid mid-tier producer of silver.” Ever since China’s production has gradually increased placing it in the third position of top silver producers in the world. China produced 3,600 metric tonnes of silver in 2016. A large percentage of China’s development can be attributed to its other mining operations – in 2012, almost 95 percent of China’s silver production resulted from other mining projects.

Silvercorp Metals is China’s largest silver producer. It owns numerous mines in the country, and on June 30, 2017, it announced a sale of 1.5 million ounces of silver.

2. Peru

Other than being the second-largest producer of silver, with an output of 4,100 metric tonnes in 2016, Peru has some of the largest silver reserves in the world. With about 120,000 known metric tonnes of silver, Peru has a colossal potential of untapped silver that could see it climb the global rankings in future.

Most of Peru’s silver originates from the Antamina mine situated in Northern Peru. This mine is jointly owned by BHP Billiton, Glencore, Mitsubishi, and Teck Resources. Whilst this mine generates more silver than other mines in Peru, it is mainly a copper mine. Silver is, therefore, a by-product of the copper mining process.

Fortuna Silver Mines is a fast-growing company in silver production and has two operating mines, one located in Peru. In 2016, the company reported 7,380,217 ounces of silver production.
Insider's Guide to gold and silver

1. Mexico

Mexico is the leading silver producing country in the world and has maintained this position for 7 consecutive years. In 2016, its output shot to 5,600 metric tonnes. This was up by 230 metric tonnes from 2015. Fresnillo, the world’s most productive silver companies are located in Mexico. Fresnillo extracts gold and silver at six mines in Mexico and has many other projects at different phases of development. By the end of June 2017, Mexico had produced 28.04 million ounces of silver, which is an 11 percent increment from what it produced in the first half of 2016.

8. Bolivia The silver output of Bolivia remained steady at 1,300 metric tonnes between 2015 and 2016, although there is still room for expansion of the country’s silver industry. Bolivia has several silver mines, especially in the Potosi region. Besides, the San Cristobal mine is the third largest silver reserve of any mine globally, and is operated by Sumitomo. 7. Poland In 2016, Poland’s output was 1,400 metric tonnes, matching Australia’s output. This was an increase of 220 metric tonnes from 2015. Poland based silver producing company, Polka Meidsz, is one of the world’s leading silver producers. A survey by Silver Institute of Poland shows that the country can raise its production capacity by expanding its mining companies. 6. Russia Russia’s output sunk to 1,400 MT in 2016 from 1,430 MT in 2015. Although Russia’s silver reserves are not known, it has been among the top producers of silver for years. Polymetal International is Russia’s largest silver producer. The company dominates silver mining across Russia and operates four of the top five silver mines in the country. In 2016, Polymetal generated 7 million ounces – a 3 percent drop from 2015. 5. Australia In 2016, Australia’s mines churned out 1,400 metric tonnes of silver, which was a slight drop from 1,430 metric tonnes in 2015. That drop positioned Australia as the fifth-largest producer of silver in the world. Despite that, Australia has a rich history of silver mining, which dates back to the 1920s when BHP Billiton started there as a silver operation. To this day, BHP Billiton a huge mining company with outlets dotted in different countries. It is Australia’s largest silver producer, and operates Queensland’s Cannington mine, which leads in silver production than any other mine in Australia. 4. Chile Chile takes the fourth position; it produced 1,500 metric tonnes in 2016 up from 1,380 metric tonnes in 2015. That rise catapulted Chile from the fifth to the fourth largest producer of silver in the world. In the next three years, Chile’s government has decided to raise the production by creating new strategies and rolling out extraction plans that would be more cost effective and energy efficient. 3. China China took the fourth position in terms of silver production back in 2002, and it earned the title: “solid mid-tier producer of silver.” Ever since, China’s production has gradually increased placing it in the third position of top silver producers in the world. China produced 3,600 metric tonnes of silver in 2016. A large percentage of China’s development can be attributed to its other mining operations – in 2012, almost 95 percent of China’s silver production resulted from other mining projects. Silvercorp Metals is China’s largest silver producer. It owns numerous mines in the country, and on June 30, 2017, it announced a sale of 1.5 million ounces of silver. 2. Peru Other than being the second-largest producer of silver, with an output of 4,100 metric tonnes in 2016, Peru has some of the largest silver reserves in the world. With about 120,000 known metric tonnes of silver, Peru has a colossal potential of untapped silver that could see it climb the global rankings in future. Most of Peru’s silver originates from the Antamina mine situated in Northern Peru. This mine is jointly owned by BHP Billiton, Glencore, Mitsubishi, and Teck Resources. Whilst this mine generates more silver than other mines in Peru, it is mainly a copper mine. Silver is therefore a by-product of the copper mining process. Fortuna Silver Mines is a fast-growing company in silver production, and has two operating mines, one located in Peru. In 2016, the company reported 7,380,217 ounces of silver production. 1. Mexico Mexico is the leading silver producing country in the world and has maintained this position for 7 consecutive years. In 2016, its output shot to 5,600 metric tonnes. This was up by 230 metric tonnes from 2015. Fresnillo, the world’s most productive silver companies is located in Mexico. Fresnillo extracts gold and silver at six mines in Mexico, and has many other projects at different phases of development. By the end of June 2017, Mexico had produced 28.04 million ounces of silver, which is an 11 percent increment from what it produced in the first half of 2016.
Mexico is the leading producer of silver in the world

Goldcorp is another massive silver producer in Mexico and Penasquito is its mine. In 2013, Penasquito produced the highest amount of silver in the world. Like most of the other silver mines, Penasquito mainly produces gold, and silver is often one of the by-products.

Want to Buy Silver?

Are you looking for a reliable silver seller? Contact us today by filling a contact form or call us directly on 020 7060 9992, we sell a range of silver including bars as well as collectable investment coins.

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The Risks of Buying Gold and Silver Through Social Media

While there are many legitimate gold and silver sellers online, there are also scammers who work around the clock to steal your hard-earned cash. And social media is one of the places even moderately savvy investors can risk falling for these predators. Instead of choosing reputable gold and silver dealers, people may opt to buy through social media for convenience and other reasons. Here, we explore some of the risks associated with the buying of gold and silver on social media.

Risks of Buying old and Silver
There is a great risk involved in buying gold and silver through social media

Inadequate details about the dealer

Most of the gold and silver dealers on social media do not provide detailed information to help buyers make a proper decision. Before making such an investment, buyers may want to know the years of experience of the seller, their location, the quantity of gold available, pricing, the business telephone number and more.

You can find these details on a business website, but you won’t find all of them on social media. This makes it hard to trust whoever is selling the silver or gold. If one proceeds to buy these products without such information, they may end up receiving counterfeit gold or silver or even be sold at exorbitant prices.


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Fake reviews may mislead buyers

Every online shopper prefers to check out what other customers are saying about a particular product or company before making a purchase. Scammers know this, and may usually seed sites like Facebook and Twitter with legitimate sounding reviews to hoodwink new customers. The result is buyers may follow such fake reviews and end up buying non-genuine silver or gold through social media.

Storage is not guaranteed

While reputable gold dealers with business websites will provide a way to deliver the gold physically or store it in an insured storage facility, this may not always be the guarantee from social media-based gold dealers. Most online fraudulent dealers may promise to store your gold onsite without providing any proof of purchase. Therefore, even if buyers purchase gold from these dealers, they are not assured of its safety, not to mention arrival.

Risks of Buying Gold and Silver
Reputable dealers have safe gold storage facilities

Limited expertise

New gold and silver investors have a plethora of questions that they want answered before they make any purchase. Trustworthy dealers have a team of professionals who are savvy in these investments and will gladly respond to questions from investors. However, this may not be the case when it comes to those social media sellers.

For the most part, it may be one or two people trying hard to sell the gold bars or coins. If investors rush into taking their offers without having someone to answer their questions, it may be hard to have a satisfactory transaction in many ways including pricing, storage, delivery and even legitimacy.
Insider's Guide to gold and silver

Buy gold and silver from trustworthy dealers

As you can see, buying gold and silver through social media is associated with risks that everyone wants to avoid. So, why not buy your silver or gold from a reputable company with industry experts who can answer any questions related to pricing, delivery, authenticity, storage, and more?

If you would like to buy or sell gold or silver, call us on 020 7060 9992. You can also leave a message on our contact form to start a productive discussion.

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