Silver prices soar - time to trade in the tin?
Never mind the bollocks spouted by all those ads who promise you a wad of cash if you send them your gold – silver is where it’s at these days daddyo.
The fusty old bean-counters at the Royal Institution of Chartered Surveyors (Rics) reckon that the value of silver goods is enjoying a post-recession boost in auction sales across the country
A Rics spokesman told The Guardian: “Silver and jewellery remain strong sectors with 57% and 41% of surveyors reporting rising rather than falling prices in these categories respectively. These are traditionally seen as safe havens for investors, but their continuing strength can be also attributed to the high scrappage value of precious metals.”
In the past eight months, the wholesale price for silver has jumped from $12/oz to $18/oz so it might be a good time to cash in on anything you’ve got lying around that is silver. Except the foil off your Kit Kat – you’ll get very little for that.
Other areas that are seeing a recovery at auction include furniture, clocks, ceramics, low-end oils and water colours. But not contemporary art though – hmmm, wonder why that is.