Are American Silver Eagle Coins a Good Investment Now?
Like other precious metals, silver is often used as an investment. Although no longer considered to be legal tender in the US, silver has been regarded as a store of value and a form of currency throughout the world for more than 4,000 years. If you compare the price of silver to the price of gold you would see that silver is considerably more volatile. That’s because there are fluctuations in the way silver is used. There can be large fluctuations between store of value and industrial uses that affect its valuation. And, because silver has lower market liquidity than gold its volatility also is greater. Silver still often tracks the price of gold because of the intrinsic value of the metal. However, the gold/silver ratio can vary by quite a bit. The lower the ratio the more expensive silver is when you compare it to gold. In 1792 the United States fixed the gold/silver ratio by law at 1:15. This meant that you could buy 15 troy ounces of silver with one troy ounce of gold. During the