Silver is often unfairly treated as the poorer cousin of Gold however this year it is rumoured to be the most valuable investment to make
. Investors are now watching Silver like hawk's after the price increased so much that it outperformed Gold, jumping up by 31% and reaching a record thirty year high in cost.
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 priced at around $131.7 in comparison silver costs around $22.11 per ounce currently, this gives a ratio of 59.6. Lots of experts are now announcing predictions that Silver will trade at 24$ in a year's time.
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 on the market.
With Christmas in the near future it makes sense to invest in an antique or piece of jewellery made from Silver. Not only is Silver a very wearable metal but it is also very durable and can be cleaned to look brand new and sparkling easily.