The Many Uses Of Silver
I will run a daily feature on the uses of silver, each day highlighting a different company.
Today more then anytime throughout history, silver plays a vital role within society.
Since silver was first discovered it’s uses and demand have gradually increased. Through modern technology we are beginning to see the limitlessness for the uses of silver. The U.S. patent office receives approx. seven new patents a week for something involving silver.
The reason for silvers growing usages is simply because of it’s properties. Silver is the best conductor of heat and electricity, it is non-corrosive, it has a high melting point, it has the best mirror-like finish, it is very malleable, it is an antibacterial and it is a form of money.
Silver has become the high tech metal. American Superconductor, is a U.S. company that makes wire using a silver alloy. American Superconductor’s HTS wires are capable of carrying 150 times the power of conventional wires of the same size. This wire is being produced and so far the main buyer is China. Last I heard it took 1,000 ounces of silver to make a mile of wire. But I know this company is continually developing a more economical product.
With America’s overworked electrical grid system beginning to fail in places, look for this wire to begin handling some of the heaviest load areas.
American Superconductor trades on Nasdaq under the symbol AMSC.
