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WHY INVEST IN AG

By admin on Jun 01 in Projects.

WHY INVEST IN AG? SILVER’S INCREASING USAGE…

Aside from its monetary and investment uses, silver is finding more and more practical, industrial applications. The more electrical, computer and mobile phone use grows (and nothing will stop that), the more silver consumption increases. New discoveries are being made all the time about its ability to combat infection, fungi, bacteria, bad smells even – so demand is increasing from medicine, biotech and clothing.

But perhaps the most exciting source of growing demand is solar power. Demand for silver on photovoltaic cells has gone from one million ounces in 2000 to 50 million ounces last year. That is about 5% of global supply. As solar power usage grows – and it will (think high oil prices, nuclear problems and all the rest of it) – silver demand will increase as shown in the chart below;

 

silverdemand

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