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Facts and figures about Gold and Silver

Investments

Here are some frequently asked questions about investing in gold and silver. Click on each toggle to open and see the answer.

Is silver a good investment?

Investors like silver for many of the same reasons that they like gold and precious metals more generally. Here are some of the most important reasons: Returns: Over certain periods of time silver has outperformed highly regarded asset classes such as stocks.

Is it worth investing in silver?
While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.
Is it better to invest in gold or silver?
Silver is more volatile, cheaper and more tightly linked with the industrial economy. Gold is more expensive and better for diversifying your portfolio overall. Either or both may have a place in your portfolio. However Silver is bound to outperform Gold in the next decade.
Does silver have a good future?
Silver is seen as a safe haven investment in uncertain times, a hedge against inflation and stocks. Silver’s use as an industrial metal in many fields also affects its price performance and outlook. Silver is cheaper than gold and therefor has a higher industrial use in terms of volume. Markets such as electrical vehicles, solar power, wind power, smart phones, laptops, batteries, electrical equipment will heavily increase worldwide demand for Silver, which in turn will drive an upward trend in overall Silver prices.

What is the best way to buy silver in Canada?

There are several ways one can begin investing in silver, but the best and cheapest way is to buy physical Silver coins or bars from a Canadian Mint such as Silver Gold Eagle.

8 Fun Facts About Silver

  • Silver is the most reflective metal.
  • Mexico is the leading producer of silver.
  • Silver is a fun word for so many reasons.
  • Silver has been around forever.
  • It is good for your health.
  • Silver was used a lot in currency.
  • Silver has the highest thermal conductivity of any element.
  • Silver can make it rain.

8 Fun Facts About Gold

  • GOLD IS MALLEABLE
  • GOLD IS YELLOW
  • GOLD IS DUCTILE
  • GOLD IS NONTOXIC
  • GOLD IS PLIABLE
  • GOLD IS DENSE
  • GOLD IS RARER THAN DIAMONDS
  • GOLD IS VIRTUALLY INDESTRUCTIBLE

All About Gold

Gold (Au) is a bright, shiny, yellow metal, notable for its high density (19.3 times the weight of an equal volume of water) and valued for its extreme ductility, strong resistance to corrosion, lustrous beauty and scarcity. Pyrite, or fool’s gold as it is sometimes known, can be distinguished from real gold by its brittleness and hardness as well as the fact that it appears black in powder form.

As it is the least chemically active of all metals, gold usually occurs in a free or uncombined state. It is found as nuggets, flakes or dust in gravel and sand deposits along creeks and rivers, but more often gold is recovered from veins (called lodes) in bedrock. Gold is also produced as a by-product of base-metal mines; about one-fifth of Canada’s gold production comes from this source.

More About Gold

There are various ways to separate and recover gold, depending upon the nature of the ore. When gold occurs in a relatively coarse, free state, it can be recovered by mechanical means such as gravity traps and shaking tables, where the gold separates out because of its high specific gravity. Cyanidation is a chemical process used to recover gold that is very finely distributed in the ore. The process is complex; it involves adding a cyanide solution to finely ground ore and then agitating it in the presence of air to dissolve the gold. After a variety of treatment steps, the solution containing the gold is clarified and the gold is precipitated by the addition of zinc dust to the solution. The carbon-in-pulp stage of this process uses activated carbon to collect the gold without having to filter the ground ore slurry. The activated carbon is stripped of its gold in an acid bath and then recycled.

Once the gold is separated from the ore and is in the form of an impure precipitate, it is placed, along with a fluxing agent, into a high-temperature furnace. A chemical reaction takes place, in which the flux and the impurities combine to form a slag and the molten gold sinks to the bottom of the furnace where it is drawn off and poured into moulds to form doré bars, which contain the gold and any silver that may have been present in the original ore.

World industrial demand for gold includes jewellery, electronics and official coins. Gold has been a symbol of wealth from the earliest civilizations to the present. Even though it is too soft for weapons or tools, people have treasured gold for its decorative and monetary value. Since it is chemically inert, it has long been popular in dentistry for crowns and caps. Resistance to corrosion, along with electrical conductivity, make it useful in precision electronic equipment. When a thin film of gold is applied to window glass, a building’s thermal properties are improved dramatically, reducing the amount of heat gain in the summer and heat loss in the winter, as in, eg, the Royal Bank building in Toronto.

All About Silver

Silver (Ag) is a metallic element with brilliant white lustre and a melting point of 962°C. It has the highest electrical and thermal conductivities of all metals and, although tarnished by sulphur, is relatively corrosion-resistant. Silver is second to gold in malleability and ductility, being easily rolled or beaten into foil or drawn into fine wire. Its use for ornaments and utensils predates recorded history. Silver has been an important medium of exchange since very early times. Mines in the eastern Mediterranean and Spain were early sources, but the centre of production had moved to the western hemisphere by the 16th century.

More About Silver?

Important producing countries now are Mexico, Peru, the Commonwealth of Independent States, the US, Canada, Australia, Chile, Poland and China. Photographic films and papers account for about 25% of the demand for silver. Industrial use, jewellery and silverware represent about 70% of fabrication demand. Industrial use includes electrical and electronic, eletrodeposition, mirrors and coatings, batteries, catalyst and water purification systems. Silver use in silverware is mostly in jewellery and works of art, as sterling silver (92.5% silver, 7.5% copper) and for silver plating. The use of silver in coinage is now largely confined to numismatic coins and medallions, although Mexico began to use silver in the production of 10, 20 and 50 peso coins for general circulation in 1993.

Silver is recovered from mined ores and recycled materials such as film, electronic devices, industrial wastes, silverware and jewellery. Approximately 20% of the silver produced annually is from recycled materials. Some silver is recovered from ores mined principally for the silver content, eg, around Coeur d’Alene, Idaho, and Mexico.

However, about 85% of mine supply is a by-product of treating lead-zinc-copper and gold ores. The main producing areas in Canada are BC, New Brunswick, Ontario and Québec. Canada produces over 1000 t of silver annually. Ores at primary silver mines are concentrated by gravity and flotation, and the silver recovered by cyanidation or pyrometallurgy. Silver occurring in base-metal ores follows these metals in concentrating and smelting processes, ends up in residues and is recovered by electrolysis.

We serve our clients with 100% Canadian Made Silver at the lowest premiums of all Canadian Mints.

CANADIAN MADE SILVER & GOLD PRODUCTS

CANADIAN MADE SILVER & GOLD PRODUCTS