According to the survey results, a combined 10.8% of Americans own gold, while a combined 11.6% own silver. Given the accessible industry data, it can be presumed that there are between 3 and 3.5 billion ounces of Physical Gold and Silver IRAs. Approximately ½ troy ounce per living human being. Gold Ira Guide conducted a survey that included 1500 respondents between 18 and 65 years of age or older. The main objective was to learn more about the ownership of gold and silver in the United States.
Among those questioned who said they owned one or both of the precious metals, more said that they owned silver. In total, 11.6 percent of those surveyed said they owned silver. In the case of gold, it was 10.8 percent. As for why silver is slightly more popular among Americans, the price is one of the main reasons.
Silver is generally more affordable than gold in its physical form. There are traces of silver on the bodies of all human beings and animals. Normally, we eat between 70 and 88 micrograms of silver a day, half of that amount from our diet. However, humans have evolved with efficient methods to treat that intake.
More than 99 percent is easily excreted from the body. Nor has normal daily contact with solid silver coins, spoons or bowls been found to affect human health. Silver is stable in pure air and water, although it tarnishes quickly when exposed to air containing high levels of ozone, hydrogen sulfide, or sulfur. Although silver was once used in medical applications, modern substitutes have largely replaced these uses, and going through life without coming into contact with silver would have no harmful health effects.
What these figures don't take into account are the aggregated sales and ownership of silver ingots in silver coins and ingots among private investors who directly protect their metals or store them in non-transparent insured deposits. For investors who want to, precious metals such as gold and silver can be a good addition to a diversified portfolio. In addition, the fact that more Americans own silver instead of gold is intriguing, said Amine Rahal, executive director of the Gold IRA Guide. Public drinking water supplies in the United States have been found to contain up to 80 parts per billion of silver (80 micrograms per liter).
To mimic this natural effect, planes fly through the rising current under the clouds using pyrotechnic flares to discharge “seeds” (tiny grains of silver) upwards. Pure silver has a shiny metallic greyish white color; silver nitrate and silver chloride are white in powder form, while silver sulfide and silver oxide are dark gray to black. Although these uses of silver are less common now than they were a century ago, health experts are considering reusing it, instead of chlorine, in water purification systems, such as those that service swimming pools, due to concerns that chlorine may react with other elements in the environment and form carcinogenic by-products. In a modern version of the ancient “rain dance”, silver iodide can be dropped or “seeded” in clouds to produce or increase rainfall.
Other people who may be exposed to high levels of silver include those who work with silver in melting, smelting, grinding, polishing or engraving operations. Unlike other metals such as lead and mercury, silver is not toxic to humans and is not known to cause cancer, reproductive or neurological damage, or other chronic adverse effects. For many people, it's easier to buy physical gold or silver because there's more certainty about what you're buying.