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Silver Price Israel
Israel is located along the Mediterranean and Red Seas, and its capital is Jerusalem. The country is known officially as the State of Israel, and its government is a unitary parliamentary republic. Israel became an independent nation in 1948, and the country’s capital is Jerusalem. The city of Tel Aviv, however, is the focal point of the nation’s economic and technological activity.
The Israeli Shekel, sometimes referred to as the Israeli New Shekel, is the official currency of the country. It is sometimes referred to as “new” because the current shekel replaced the previous shekel in 1986 after the currency became hyperinflated. In addition to being used in Israel, the shekel is also considered good, legal tender and used in the Palestinian territories of the West Bank and the Gaza Strip. Like many other global currencies, the shekel can be subdivided into 100 smaller units of currency known as agora.
The Bank of Israel is the country’s central bank, and it controls the issuance and maintenance of the nation’s currency. Israel’s central bank was established in 1954, and not only manages the country’s currency, but is also in charge of maintaining price stability and inflation targets and managing the nation’s foreign exchange reserves.
If you are looking to buy silver in Israel, or if you simply want to check current price levels, you will likely see prices quoted in the local currency. Oftentimes, prices are also quoted in other key global currencies such as U.S. Dollars, euros, Great British Pounds or Japanese Yen. Prices are typically quoted by the ounce, gram or kilo.
The Israel Coins & Medals Corp, referred to as The Holy Land Mint, produces a number of silver bullion bars. In addition to bullion products, the mint also produces collectible coins, medals, rounds, and banknotes.
If you are looking to buy a silver bullion bar from the region, you may consider the Jerusalem 5 oz Silver Bar in Assay. This silver bullion bar features exquisite design detail as it depicts the prominent buildings and sites of Jerusalem. The bar’s obverse almost appears as if you are looking out a window at the city. The bar’s reverse features The Holy Land Mint logo as well as the bar’s weight, purity and serial number.
The bar’s 5 ounce weight can be a great size for investors both large and small, and may offer a per-ounce cost savings compared to smaller bars. This is due to the fact that production costs for a 1 ounce bar and 1 kilo bar are very similar. If a similar refining premium is attached, the larger bar may provide more actual silver at a lower per-ounce premium.
The 1 ounce Dove silver round is another great choice if you are looking for relatively affordable silver bullion. These rounds contain 1 ounce of .999 percent fine silver, and are easily stored. Rounds and bars are both great choices and may offer a cost savings compared to bullion or collectible coins.