Hello, welcome to another Money Today. Actually, today we are going to continue with our talks on silver. I’m going to do something sort of fun. If by the end of this video you have not learned something about silver, please leave a note, because I find it pretty hard to believe. You may know most of them, but there’s got to be something here you don’t know, but we’ll see, we’re going to try.
Alright, so we’re going to go A to Z things about silver. These are just things that I learned on the web, and I found some of them pretty fascinating.
Argentum, from argent, which is Latin for silver. What I didn’t know, Argentina is Spanish for “silvery,” or “river of silver,” named by the Spanish and Portuguese conquistadors.
B is for Bullion, concentrated silver. It does not have to be large bars, something else I didn’t know. Whenever I thought of bullion I thought of these large bars. But then I thought of the food bullion and of course that’s smaller concentrations.
C: Coins. Nobody seems to know the exact date silver coins were first used. Some say India or Turkey, around 5,000 years ago.
D: Dollar. One of the first coins ever struck by the United States was a 1792 half dime. It is rumored that George Washington used his silverware to make these coins at a metalsmith shop in Philadelphia. Half dimes continued to be made until 1873.
E: Eagle. The American Silver Eagle is the official silver bullion coin of the United States. It was advised first released by the United States Mint on November 24, 1986. Wow, it’s not really that long ago. It is struck only in the 1 troy ounce size, which has a nominal value of one dollar, and is guaranteed to contain 1 troy ounce of 99.9% pure silver. These are the ones I tend to get.
F: First. Silver was one of the first five elements discovered, along with gold, copper, lead, and iron.
G: Germicidal. While germicidal and kills bacteria, it is not toxic to humans. However, most of the silver salts are toxic.
H: Highest. Silver has the highest electrical conductivity of all elements and highest thermal conductivity of all metals. Now, when you think about the word “currency,” almost by definition it would be silver, right? I just found that interesting.
I: Iscariot. Adherents of Christianity believe that Judas Iscariot was paid silver coins as a bribe to betray Jesus Christ.
J: Jewelry. Silver is also used for making jewelry, because it is not very reactive. It does not react with air or moisture, but it does react with sulfur compounds and tarnishes upon exposure to air and moisture continuing these two.
K: Kills. Silver is a germicide, meaning it kills bacteria and other simple organisms. Consequently throughout history humans have used the metal to treat wounds and prevent infection.
L: Lunar. Alchemists used to refer to silver by the name “lunar,” because it was associated with the moon, sea, and various lunar goddesses. Ah, maybe gold is the sun, silver is the moon.
M: Mexico. Mexico is the world leader in silver mining and is followed by Peru. Other major silver producers are Bolivia, United States, Canada, Russia and Australia.
N: Nugget. Nuggets of pure silver can be found in nature. It can be found in copper, lead, and zinc ores, as well as argentite, horn silver, gold and copper-nickel.
O: Occurrence. The abundance of silver in the earth’s crust is 0.08 parts per million, almost exactly the same as that of mercury.
P: Pound Sterling. The official currency of the UK was initially equal in value to 1 pound of silver.
Q: Quicksilver. The term quicksilver actually refers to mercury, we know this. The Greek name for mercury was “hydragyros,” or literally “liquid silver,” which gives the element its symbol, Hg.
R: Range. The price of silver to gold has ranged from 1:2 to 1:100. Currently it is about 1:85. So, 1 gold ounce is worth 85 ounces of silver.
S: Seolfor. Silver’s name comes from the Anglo Saxon word, “seolfor.” There is no word in the English language that rhymes with silver.
T: Tissue. Argyria is a skin condition that occurs as a result of silver absorption into body tissue and is characterized by gray skin pigmentation and mucus.
U: Ultraviolet. Silver is the most reflective element, reflecting 95% of the visible light spectrum, unless you use it in ultraviolet light, which makes it about as reflective as a stone.
V: Value. Although silver is valued less than gold, in ancient Egypt silver was considered more valuable than gold.
W: Ward. Silver jewelry was often associated with special powers by ancient civilizations. They believed it brought healing powers, good fortune, and warded off evil spirits.
X: X-ray, you guessed it. Silver recovery is the process by which the pure metallic silver can be recycled from old x-ray films.
Y: Young. “Born with a silver spoon” came from wealthy families who would feed their young children with silver spoons for the germ-killing properties.
Z: Zinc. Most silver is found as a byproduct of copper, lead, and zinc mining. Alright, I think that was a nice, simple A to Z. I hope that you learned at least something you didn’t know before, and we’ll continue to dive down into silver in the next coming days. Thanks.