Start Investing In Silver Coins Today
Being one of the largest mints in Europe, the Austrian Mint has gained a reputation for producing quality coins. When the 1 oz Philharmonic Silver coin was first minted in 2008, 7,773,000 units were released, and until 2013, the number of minted units never fell below that number. In fact, the coin recorded its peak production in 2011 when 17,873,700 units were produced. Suffice to say this consistently high supply of the coin can only mean that there is consistently high demand.
Another component that signifies this coin is a good investment is its ability to hedge against inflation and the stock market’s volatility. During any given day, investors can never be sure how well their paper investments will perform. But one thing is for sure, and that’s no matter if the stock market performs well or plummets, silver will continue to be in high demand.
This high demand comes not only from its use in jewelry, but the medical field has recently taken advantage of silver’s electrical conductivity to help fuel tools and other medical devices. During the big precious metal boom a couple of centuries ago, because silver wasn’t as popular as gold, it wasn’t purposefully mined for. The little supply that was mined is quickly dwindling, contributing to the supply and demand effect. The more different fields take advantage of silver, the less there will be on hand, ultimately increasing the price.