Silver is consumed in industry more than ever before.
People
think of silver in terms of its price and value. The truth is that the
industry uses more and more silver year after a year, so if you're
really looking into a good investment, then silver is definitely a good
option. One of the main reasons why we use silver is jewelry. We make
necklaces, bracelets and other jewelry out of silver because it is
pretty, as well as valuable. People will never lose interest in silver
jewelry, so as long as it's made, silver will be needed.
It is
possible that you don't realize that silver is used in medicine to a
great extent. Dentists use it for dental fillings, and since
philosophers wrote about the healing attributes of silver, we use it in
wound dressings, and even Band-Aid. The truth is that silver does help
us heal better, and because of that the industry will always use it.
Of
course we use silver in high technology items as I mentioned before.
Almost everything around you, be it a printer, a desk lamp, or even a TV
screen, has some silver in it.
Another way we use silver is to
make money. It is funny to think that until 1960 for most of the U.S.
coins were made in 90 percent silver. Watch the videos mentioned in the
introduction for a good historical summary of why that was.
When currencies get weak people turn to precious metals.
There
is a tendency whenever the economy is bad and currency loses its value
for people to turn to precious metals such as gold and silver. It's
close to impossible for silver to devalue over any significant period of
time. People understand this, and that is precisely why they invest in
silver when they feel that the value of their currency or any valuable
currency in the world is dropping dramatically. When they fear an
economic crisis, they go to silver and precious metal brokers and
increase the bias of their portfolio towards safe value storage that
precious metals offer.
That's a tendency displayed by every nation for many years. Use this knowledge for your own gain.
Silver price keeps increasing.
The
last reason why silver is a great investment is that the price of
silver keep increasing. As I've mentioned before, silver is becoming
more and more valuable and in just a few short years, it has doubled its
market value. In 2005, it cost $7 to buy an ounce of silver. Now, it
costs $17-$19 to buy an ounce of silver. The trend that you see here
will not change. The price of silver will always increase, and the
fluctuations will be minor within the overall context of silvers
increasing scarcity and increasing demand.
The general tendency
will be that gold will become more valuable and silver will follow but
also have additional increases due to its unique additional uses. It is
best for you to spend some money on gold and silver now so that you have
a solid investment that you can realistically get back with significant
increase in value in just a few years.
By
Andy Henry