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langosta

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Silver Rounds

posted on Dec 17, 2009 02:16PM

Buyers spurn gold for silver

A leading bullion dealer says that there has been a marked interest from investors for silver in recent weeks.

By Emma Wall
Published: 12:05PM GMT 17 Dec 2009

Is silver the new gold? Photo: REUTERS

Investors are looking to silver as an alternative to gold with a leading dealer reporting that one-ounce silver rounds are outselling anything else by a factor of 10 to one.

"Silver rounds" – which look like coins but are not legal tender – are selling well at the moment, according to Alex Baird of Baird & Co, the bullion dealer. "One-ounce silver rounds at £14.50 with a box are outselling anything else by a factor of 10 to one," he said. "They are significantly cheaper than silver coins."

Silver has the potential to grow in value as it is both a precious metal and an industrial one. It is used in photographic equipment, as an antibacterial agent in water filters and has the highest electrical and thermal conductivity of any element.

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