Both gold and silver are precious metal and played important monetary role in the history. The primary difference between gold and silver is the industrial application. Gold is mainly being keep safely by the central governments and banks while silver is being consumed in the industry. Each year more gold will be added to the global inventory; while total amount of silver on earth each year is getting lesser.
There are MORE THAN 10,000 known applications for silver. The following are some of the usages of silver:
Whenever you drive a car or sit in a motor vehicle, you are taking advantage of a number of the great uses of silver. Over 36 million ounces of silver are used annually in automobiles industry. Every electrical action in a modern car is activated with silver coated contacts.
Basic functions such as starting the engine, opening power windows, adjusting power seats and closing a power trunk are all activated using a silver membrane switch. While driving, silver-ceramic lines fired into the rear window. The heat generated by these conductive paths is sufficient to clear the rear window of frost and ice. Finally, the active ingredient in antifreeze is ethylene oxide, which is a compound made from silver.
In recent years, silver oxide batteries replaced the once-ubiquitous lithium battery. Silver cell batteries have power-to-weight ratios that outweigh their competitors. Many current rechargeable and disposable batteries are manufactured with silver alloys as their negative side or cathode. The most common silver oxide battery is the small button-cell battery used in cameras, toys, hearing aids, watches and calculators. Approximately 35% of the battery weight is silver.
Silver oxide batteries are beginning to replace lithium ion batteries in mobile phones and laptop computers – as silver is safer and more environmental friendly. A new and popular type of battery is the silver zinc battery. These feature a water-based chemistry and contain no lithium or flammable liquids. Due to health and safety standards and environmental concerns, silver’s role in batteries to be more important than ever in coming years.
Electronics are configured with silver. From turning out the lights to turning on your television silver is playing an important role, behind the scenes. Silver’s excellent electrical conductivity makes silver a natural choice for everything from printed circuit boards to switches and TV screens. CDs, DVDs and plasma display panels are also fabricated using silver.
Silver membrane switches are used in buttons on televisions, telephones, microwave ovens, children’s toys and computer keyboards. These switches are highly reliable and last for millions of on/off cycles. Silver is used in conventional switches such as controlling room lights.
Silver-based inks produce so-called RFID tags (radio frequency identification) antennas used in hundreds of millions of products to prevent theft and allow easy inventory control. They are also used in Touch ‘n Go (toll).
In Summary, new silver demand in 2010 was only 10 million oz per year. It is expected by 2015, the new demand for silver will be MORE THAN 45 million oz per year. Current and future silver industrial application can be broken down as following:
In Practical Guide For Investing Silver In Malaysia (3rd Edition), you will DISCOVER how to invest in the most undervalue metal in this decade. With this complete guide, you will be able to invest in silver confidently and avoid many costly mistakes.