Silver as an investment
- See also: Category:Silver mining companies
These do not represent silver at all, but rather are shares in companies that mine silver. Companies rarely mine silver alone, as normally silver is found within, or alongside, ore containing other metals, such as tin, lead, zinc or copper. Therefore shares are also a base metal investment, rather than solely a silver investment. As with all mining shares, there are many other factors to take into account when evaluating the share price, other than simply the commodity price. Instead of personally selecting individual companies, some investors prefer spreading their risk by investing in precious metal mining mutual funds.
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Taxation
- See also: Taxation of precious metals
In many tax regimes, silver does not hold the special position that is often afforded to gold. For example, in the European Union the trading of recognised gold coins and bullion products is VAT exempt, but no such allowance is given to silver. This makes investment in silver coins or bullion less attractive for the private investor, due to the extra premium on purchases represented by the irrecoverable VAT (charged at 17.5% in the United Kingdom and 19% in Germany, for example).
Other taxes such as capital gains tax may apply for individuals depending on citizenship and whether the asset is sold at increased value.
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See also
- Diamonds as an investment
- Gold as an investment
- Palladium as an investment
- Platinum as an investment
- Full-reserve banking
- Precious metal
- Commodity Fetishism
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External links
- Current London Silver Fixing by the London bullion market
- The Silver Institute
- Precious Metals Glossary
- Archive of articles by Ted Butler on silver as an investment
- SilverSeek.com
- 600 years of silver prices
- One Day's Labor in Silver Historic chart of what 1 day of labor could purchase in silver ounces.
- silver stock report
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