SILVER is the new gold

SILVER is the new gold according to family-owned pawnbroking chain Ramsdens which is seeing growing numbers of customers calling in to sell unwanted silver goods.

Over the past decade the increase in silver prices has outstripped even that ofgold. This year the average price of an ounce of silver has more than doubled to £29.25.

As a result, Ramsdens, which has 30 branches across the North East, is buying more silver, from tea-sets and cutlery to candelabras and jewellery.

Ramsdens chief executive, Peter Kenyon, said: “You dont have to be born with a silver spoon in your mouth, most houses have any number of overlooked silver items. If you think beyond jewellery, you will be quite amazed by the silver you have around the home.”

Ramsdens, which was founded in Middlesbrough in the 1950s and is now the largest independent pawnbroker in the UK.

Tags: price of silver, Silver, silver analysis, silver futures, silver futures prices, silver news, silver price, silver price 2012, silver price forecast, silver prices, silver spot, spot silver

Posted by Silver Guru on Dec 14 2011. Filed under Silver Analysis. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry