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About: Silver as an investment     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPreciousMetals, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:Abstraction100002137yago:Assets113329641yago:Currency113385913yago:MaterialResource113353156yago:Measure100033615yago:MediumOfExchange113372961yago:Possession100032613yago:PreciousMetal113371489yago:Relation100031921yago:Standard107260623yago:SystemOfMeasurement113577171yago:Treasure113370669yago:Valuable113371030yago:Wealth113353280yago:WikicatPreciousMetals New Facet based on Instances of this Class

Silver may be used as an investment like other precious metals. It has been regarded as a form of money and store of value for more than 4,000 years, although it lost its role as legal tender in developed countries when the use of the silver standard came to a final end in 1935. Some countries mint bullion and collector coins, however, such as the American Silver Eagle with nominal face values. In 2009, the main demand for silver was for industrial applications (40%), jewellery, bullion coins, and exchange-traded products. In 2011, the global silver reserves amounted to 530,000 tonnes.