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| A SILVER JEWELERY SHOP |
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| A SILVER JEWELERY SHOP IN ASIAN COUNTRIES |
Silver as business and investment is less popular then gold,but is popular . For more than four thousand years, silver has been regarded as a form of money and store of value.But after the end of silver standard silver has lost its role as legal tender.jewelery bullen coins and traded-exchange are the most important business and investment form of silver known.Because of the high price of gold,silver nowadays is excessively used for the business purpose..specially in jewellery.
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| A SILVER JEWELS SHOP IN EUROPEAN COUNTEIES |
Like gold there are many organization deals with silver.in some south Asian countries gold and silver business is merged and taken as a single business of gold and silver. In comparison to gold price of silver is found volatile,but price of silver also changes day by day.
FOLLOWING IS THE RECORD SILVER , SILVER - GOLD RELATION & RATIO AND SOME DETAILS OF SILVER
| Year | Silver price (yearly cum. avg.[8])
US$/ozt | Gold price (yearly cum. avg.[9])
US$/ozt | Gold/silver
ratio |
|---|
| 1840 | 1.29 | 20 | 15.5 |
| 1900 | 0.64 | 20 | 31.9 |
| 1920 | 0.65 | 20 | 31.6 |
| 1940 | 0.34 | 33 | 97.3 |
| 1960 | 0.91 | 35 | 38.6 |
| 1970 | 1.63 | 35 | 22.0 |
| 1980 | 16.39 | 612 | 37.4 |
| 1990 | 4.06 | 383 | 94.3 |
| 2000 | 4.95 | 279 | 56.4 |
| 2005 | 7.31 | 444 | 60.8 |
| 2009 | 14.67 | 972 | 66.3 |
| 2010 | 20.19 | 1225 | 60.7 |
| 2011 (cum. thru 19 May) | 39.22 | 1510 | 38.5 |
| | | | | The lower the ratio/number, the more expensive silver is compared to gold. Conversely the higher the ratio/number, the cheaper silver is compared to gold. |
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