Fascinating Information On The History Of Silver
Silver has had a very intriguing history, and this metal has long been treasured differently during different periods. In America the cost of silver in the past tended to remain stable for long time, and silver has typically been valued lower than gold. This has not always been the case through history though. During certain periods and in particular geographical areas silver has been the most valued precious metal, placed even above gold. In Medieval Europe and in ancient Egyptian civilizations this has been the case.
The first silver coin was produced in 700 BC, and silver has been utilized as a form of money for over 6.000 years. The need for this precious metal has not always been high across all financial levels though.In many times and civilizations silver was just bought by the wealthy and the nobility due to the high value that the metal had. Only those who were really affluent could afford silver, and lower economic classes didn't own this metal in almost any amount.
Jewelry made from silver was not common till the Industrial Revolution, simply because every piece had to be made by hand at the cost of the metal and the work involved created silver jewelry very pricey to own. This is why only those who have been rich could afford a silver necklace or ring. Silver shoe buckles were also popular during the 1800s, and these were solely for adornment and served little practical objective.
Silver has not been valued merely because of the status symbol that the metal showed. This metal has created many advancements in technology possible. Silver has been used for hundreds of years for tooth fillings, and the precious metal is utilized for medical purposes because of the anti microbial properties offered. Silver can kill bacteria,, viruses, as well as fungal infections without any concern about treatment resistance developing. Modern medical uses of silver contain silver ion products, creams, and also other treatment procedures.
Nowadays silver is extremely regarded in numerous sectors and investment circles. This precious metal has seen ups and downs in demand and cost through history, but the fact that silver tends to retain value and preserve wealth makes it a well known option in so many cases.
The first silver coin was produced in 700 BC, and silver has been utilized as a form of money for over 6.000 years. The need for this precious metal has not always been high across all financial levels though.In many times and civilizations silver was just bought by the wealthy and the nobility due to the high value that the metal had. Only those who were really affluent could afford silver, and lower economic classes didn't own this metal in almost any amount.
Jewelry made from silver was not common till the Industrial Revolution, simply because every piece had to be made by hand at the cost of the metal and the work involved created silver jewelry very pricey to own. This is why only those who have been rich could afford a silver necklace or ring. Silver shoe buckles were also popular during the 1800s, and these were solely for adornment and served little practical objective.
Silver has not been valued merely because of the status symbol that the metal showed. This metal has created many advancements in technology possible. Silver has been used for hundreds of years for tooth fillings, and the precious metal is utilized for medical purposes because of the anti microbial properties offered. Silver can kill bacteria,, viruses, as well as fungal infections without any concern about treatment resistance developing. Modern medical uses of silver contain silver ion products, creams, and also other treatment procedures.
Nowadays silver is extremely regarded in numerous sectors and investment circles. This precious metal has seen ups and downs in demand and cost through history, but the fact that silver tends to retain value and preserve wealth makes it a well known option in so many cases.
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This metal is considered so highly that it was often considered to have magical powers before, and whilst investors nowadays don't believe this precious metal is magical it's still wanted by many. You could check out even more on this subject matter right here Price of silver.