The extraordinarily bullish fundamentals of the Silver Market suggest, at current prices, that investing in silver could offer investors one of the single best long-term investments today. It is no secret that both gold and silver are recognized as a store of value.

In fact, between July 1, 2003 and November 30, 2006, the price of gold increased approximately 84%, while the price of silver increased more than 200%. In addition, there is a compelling argument for silver investing because the economic and monetary fundamentals in place today are bullish.

He said physical demand for silver will continue to grow and the ETF will continue to help demand. The silver ETF currently holds over 136.5 million ounces, after launching in late April last year at 1.5 million ounces. This implies that the silver ETF has now tied up nearly 15% of the world's silver supply. ETF Securities recently launched the world’s second silver ETF in London, along with the world’s first platinum and palladium ETFs. The Zurich Cantonal Bank plans to launch ETFs of the very same metals on the SWX Swiss Exchange by May 10. Switzerland-based Zurich Cantonal Bank (ZKB) announced that they would be opening platinum ETF May 10 on the SWX Swiss Exchange.


Origin of e-silver
e-gold, first Digital Gold Currency, was created to establish an ambitious alternative world currency backed by gold, also offers three other currencies backed by precious metals: e-silver, e-platinum and e-palladium. The e-silver e-currency became the first Digital Silver Currency or - DSC -. 

Nature of this e-currency
This electronic currency is very few used as payment method between silver account holders. The first goal of e-silver is to offer an easy way to invest on its precious metal: Silver (Ag). This e-currency was also used by some spammers sending micro-payment of silver to any e-gold account as advertisement.

Buying e-silver means you are owner of silver precious metal, even if the physical bullion stays at the same place. There are currently 680.000 e-silver accounts. Concerning e-silver, the activity is very low in comparison with e-gold, even if the the quantity of silver stored in their vault is higher than for their gold bars.

Why a silver based currency?
The purchase of e-silver provides an easy way to gain access to silver bullion investing, without the hassles of delivery and storage.

Taking for reference the highest price of silver during the last days of March 2006 and the price on December 30th, 2005 of the London Bullion Market Association, the white precious metal earns 34,8%. At the same time, gold progressed only of 14,8%. Without the rates of change for the purchase and the sale of your e-silver with the Goldtotem tool, you obtain a profit closed to 30% in 3 months. 
 
           

An increasing price of silver
The rise of the rate of the white precious metal are based on the following 3 reasons:
- the launching of a silver ETF (Exchange Traded Fund) by Barclays in the United-States, the iShare Silver Trust. End march 2006, the SEC shall validate this ETF allowing Barclays to buy and store the 4,000 tons of silver which will constitute the subjacent one of its ETF.
- the growing interest for this metal, resulting not only of the price rise, but also of exchanged volume rise. The international market of precious metals trading of London, London Bullion Market Association - LBMA -: rise of 170% of the value of silver exchanged between 2003 and 2006, and over the same period a rise of 53% of the number of operations per day on average on the silver.
- for the needs of its electric and electronic industry, China multiplied by 20 its silver imports over the last year.
 
Silver storage
The silver based currency e-silver is 100% backed at all times by silver bullion held by "The e-gold Bullion Reserve Special Purpose Trust" stored at Transguard. The e-gold Bullion Reserve Special Purpose Trust exists for the express purpose of holding bullion for the exclusive benefit of all e-silver account holders collectively. e-gold measures weight in Troy Ounces (XAG) and Grams (AGG) for the silver. The user may take physical delivery of the precious metal upon payment of an additional fee. However in practice, most users permit the company to store the metal for them.

The quantity of e-silver in circulation is among 138,000.00 Troy Ounces (4,300,000.00 Grams).

Country of incorporation
The group of related companies are Gold & Silver Reserve, OmniPay.net and E-gold Ltd. E-gold Ltd. is a trust based in the carribean island of Nevis.
The company Gold & Silver Reserve Inc. is a Delaware corporation.

Date of creation
This Silver Based Internet Currency - or SBIC - was deployed online in November 1996, even if this payment system was really conceived in 1995.

Current fees
- Account opening: free
- Storage fees: 1% per annum, deducted monthly
- Spend/transaction fees: from 5% (less than 0.05 AAG spend) to 1% (from 1 AAG spend), with a maximum of 0.05 AAG for spend fees. These fees affect receivers and not spenders.

How to open an e-silver account?
To open a free e-silver account, click on the logo

Founder
The company e-gold, which manages the e-silver e-currency, was founded by Doug Jackson, he is still the chairman.