Most people know silver as a form of investment. Apart from investment purpose, silver has wide industry application.
Silver has a long history of being used as medicine. Hippocrates, also known as “the father of medicine,” discovered silver healing and anti-disease properties. During World War I, before the invention of antibiotics, silver was an important medical weapon to fight against diseases on the battlefield. In modern days, silver is added to bandages, wound-dressings and other medical instruments and is a key part of the technology behind X-rays.
The ancients keep water, wine and vinegar in silver vessels to ensure freshness. Silver is able to remain the freshness by interrupting the bacteria cell’s ability to form the chemical bonds essential to its survival. These bonds produce the cell’s physical structure so when bacteria meets silver it literally falls apart. For this reason, silver enforced bandages are especially in demand. Bandages with silver ions prevent bacterial growth and speed healing time, making them especially valuable for treating burn and wound victims.
Today, consumer healthcare companies like Johnson & Johnson and others offer their own lines of bandages and ointments that use silver as an active ingredient. Silver has actually been proven to promote the growth of new cells, thereby increasing the rate at which wounds can heal.
Silver in Nanotechnology
For the last 120 years, the field of nanotechnology has been devoted to researching and developing new uses for colloidal nanosilver. Nanoscale silver particles have been used in pigments, photographics, wound treatment, conductive/antistatic composites, catalysts, and as a biocide. Its biocidal applications are among the most studied today.
Silver’s antibacterial qualities have applications that reach far beyond the medical world. Washing machines, refrigerators, air conditioners, air purifiers and vacuum cleaners all rely upon silver nanoparticles to sterilize up to 650 types of bacteria. Nanotechnology is still at a very early stage in terms of its usage. The full extent of its application remains to be seen but scientists and consumers are hopeful regarding the environmental implications of nanotechnology.
As a side note, on 3rd November 2013 I mentioned American Silver Eagle sales will be making new sales record, surpassing the all time high in 2011.
American Silver Eagle coin is a fairly good indicator to identify the demand for physical silver in investment. The coin is both low in premium and has a beautiful design. American Silver Eagle coin is the perfect silver investment coin. From this chart, we can tell that physical silver demand has been increasing every year since 2007, except 2012 which is not falling too far behind.
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