The world of business and finance is a global playground. Everything is interconnected across a network that spans the globe. Further, money can travel from one side of the Earth to another in a matter of seconds. However, this kind of systematic dependence on a global infrastructure makes the system sensitive to economic instability. Consequently, it is wise to invest in tangible sources of value.
When we decide to put our life savings into the hands of a broker, we knowingly accept the fact that the money we made could disappear. This risk is ever-present and, quite frankly, terrifying. In consequence, the most prudent investors are the ones who invest into tangible commodities with intrinsic values. Silver is a prime example.
Silver Has Intrinsic Value
While paper or digital money relies on a promise of the currency’s printer that the money will hold value, silver is not simply created; this means silver has value simply due to scarcity– and that’s just one reason for its popular investment properties. Physical silver is a malleable material that can be transformed into other valuable commodities, thus increasing its value. It cannot default. There is no counterparty risk. Silver is a great choice for even the pickiest of investors.
Silver is Tangible
As previously mentioned, our world is an oasis of profits, trading, promises, and currencies. Further, much of our global marketplace through digital means. However, when this oasis runs dry, what’s left? Exactly– the silver coin you have in your pocket. This metal will always have value because it has always had value, it is a scarce resource, and is possesses properties of tangibility that money simply doesn’t have.
Silver Is More Affordable Than Gold
Silver costs a fraction of the price of gold, only 1/70th. Despite the different values, silver can protect you in times of economic crisis just as well as gold. Silver is more affordable for a beginning investor, but it is a precious metal nevertheless. Because silver is much more affordable than gold, it is much easier to sell.
Ultimately, silver is a great investment because it possesses the positive qualities of gold at a fraction of the price.