Silver is also worth money but we know that it is not worth as much money as gold but you can try to store silver if you want.
If you have much silver then I am sure that you will we able to make quite allot of money with it.
Topic: Is silver a good store of value? (Read 2534 times)
For me silver is just an ordinary accessories. You can buy silver in a short money if you want. But if selling silver you talk you can earn profit in it because many person wants to buy silver because it is beautiful accessories and luxirous. Silver also can mold to convert into good one.
If you want you can store some amount of your money in silver. Your capital will be secured in silver but you cannot expect a high profit from investment in silver as the price of silver is mostly stable and the fluctuations are very much smaller. I will not choose silver for my investment as I have the option of bitcoin for investment.
How about gold? or platinum? But i think gold is a good one. prices also fluctuates but could be minted into jewelry and it has a good appeal. Bitcoin is also a good one but i dont want to punt all my currency there as it is also not stable. But for the time being, its moving upward.
Yeah it is a good store of value from centuries we are seeing that silver is a precious metal and it fluctuates in price a little and it do not drop in value so if you will keep your money in silver then you will not have to fear about its loss.
If you want you can store some amount of your money in silver. Your capital will be secured in silver but you cannot expect a high profit from investment in silver as the price of silver is mostly stable and the fluctuations are very much smaller. I will not choose silver for my investment as I have the option of bitcoin for investment.
Silver is not credible. I keep their savings will not be in this precious metal. Sioimost very low in comparison with gold. And a small increase in cost.
As the title suggests, please share your views on silver and its store of value.
Silver has been used for money for thousands of years before us. But will it continue to have this function?
Silver has been used for money for thousands of years before us. But will it continue to have this function?
Precious metals will always be a good store of value as long as there is a market supporting it. But let me ask, why silver? Why not go for gold instead? If I had to choose between gold and silver I would certainly choose gold to hold my wealth. But between silver and Bitcoin? It is close but my decision would lean towards Bitcoin.
It is also a good time to start hoarding as much precious metals, be it silver or gold as you can because the next financial crisis could come anytime soon. I would also suggest mixing some wealth storage in Bitcoin too. There was a reason why Satoshi created, developed and then released Bitcoin right after the 2008 financial crisis.
However silver is not that precious when compare with gold or bitcoin. Instead of go for the low potential stock He or she can go to invest on such a good potential stock like gold or diamond or bitcoin.
The only supporting factor for silver is its industrial demand. That is the reason silver is equally growing along with gold. In some countries, people value silver similar to gold and having the habit of saving it. I do not find the any different growth potential for silver in long run from gold. But bitcoin is totally different it might surprise us in short run itself.
I don't think silver will be as useful as gold, since gold can be used in electronics and other uses,
but silver will still always have some value, and has had slight gains recently.
I'm sure its a pretty safe investment. I don't see the value going down, but you probably won't get a huge return on your investment.
If you are okay with a slight profit its definitely solid.
but silver will still always have some value, and has had slight gains recently.
I'm sure its a pretty safe investment. I don't see the value going down, but you probably won't get a huge return on your investment.
If you are okay with a slight profit its definitely solid.
silver has very similar properties as gold and is also used a lot in electronics and other applications.
silver is also a pretty reliable store of value. and much cheaper to get into than gold.
that's the advantage of owning limited things in this planet
but I don't see there are large of a gap for seeing about their advantages, and just different in their value.
Silver probably isn't a bad store of value, and it does have it;s uses, however you would have to be relatively certain that nothing was going to happen to your stores and you;d have to make sure that the silver wouldn't oxidize at all. Hold is probably a better option, however, so you might want to look at the pros and cons for gold and silver storage vs everything else basically.
Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
silver will need more space for storing it, however majority of us preffer to invest in something like simplest, need small space, and more precious the answer is gold, however holding some limited things like silver is a good option, while bitcoin is totally different, and even you don't need space for storing it. Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Well would could actually compare the densities of both precious metals and they really differ. In your computation i would complete agree that silver would require more space to store from but for sure majority of us dont have the capability to invest millions of dollars with this kind of thing.
However silver is not that precious when compare with gold or bitcoin. Instead of go for the low potential stock He or she can go to invest on such a good potential stock like gold or diamond or bitcoin.
investments with higher returns are usually with higher risks too and it is a better idea not to go all in a high risky investment. instead use diversification and invest in multiple commodities.
this is where silver comes in, i don't like it myself but it is sometime good to have it in your investment basket!
Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Well would could actually compare the densities of both precious metals and they really differ. In your computation i would complete agree that silver would require more space to store from but for sure majority of us dont have the capability to invest millions of dollars with this kind of thing.
However silver is not that precious when compare with gold or bitcoin. Instead of go for the low potential stock He or she can go to invest on such a good potential stock like gold or diamond or bitcoin.
There are really lots of investments to choose from like as you mentioned but it really depends on our money because investing on these things are no joke we are talking big money here. Bitcoin would be still a good to choose aside from silver and gold.
However silver is not that precious when compare with gold or bitcoin. Instead of go for the low potential stock He or she can go to invest on such a good potential stock like gold or diamond or bitcoin.
The only supporting factor for silver is its industrial demand. That is the reason silver is equally growing along with gold. In some countries, people value silver similar to gold and having the habit of saving it. I do not find the any different growth potential for silver in long run from gold. But bitcoin is totally different it might surprise us in short run itself. Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Well would could actually compare the densities of both precious metals and they really differ. In your computation i would complete agree that silver would require more space to store from but for sure majority of us dont have the capability to invest millions of dollars with this kind of thing.
However silver is not that precious when compare with gold or bitcoin. Instead of go for the low potential stock He or she can go to invest on such a good potential stock like gold or diamond or bitcoin.
Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
Well would could actually compare the densities of both precious metals and they really differ. In your computation i would complete agree that silver would require more space to store from but for sure majority of us dont have the capability to invest millions of dollars with this kind of thing.
Silver, gold, platinum, palladium, all of them are fairly good stores of value. It all depends on how long you intend to keep it and how well you can store it, though, but precious metals are a good investment 99% of the time. You can go and look at the charts for all of the metals and determine which one is best for you.
And to expand just a bit, I would consider owning some of more than one PM.
I would start with gold, mankind's most long-lived Store of Value. Silver would perhaps be the best in a SHTF, in that it is widely recognized and useful for retail purchases / barter.
Platinum and palladium are more speculative, but have their place in a diversified PM portfolio.
The "fundamentals" (uses, supply, demand) are different for each metal.
In historical perspective, the importance of silver as a store of value outmatches that of gold. Although it's correct, that gold has a longer history, simply because it occurs almost always in metallic form and has very distinct physical attributes. In my opinion, silver is currently a bit more attractive to buy, because the silver/gold ratio is comparatively high.
Compared to gold and silver, the other precious metals platinum, palladium, and eventually rhodium are subject to larger and at times sudden price swings. The main reason for this is that the mining of these metals is quite centralized on a few locations and supply shortages can occur more rapidly. The importance of these metals as a safe haven investment is much smaller than that of gold and silver, too. So in my opinion, they are not necessarily a useful addition for a precious metal portfolio, because they are not mitigating risks of the other positions but simply add volatility.
ya.ya.yo!
Silver, gold, platinum, palladium, all of them are fairly good stores of value. It all depends on how long you intend to keep it and how well you can store it, though, but precious metals are a good investment 99% of the time. You can go and look at the charts for all of the metals and determine which one is best for you.
And to expand just a bit, I would consider owning some of more than one PM.
I would start with gold, mankind's most long-lived Store of Value. Silver would perhaps be the best in a SHTF, in that it is widely recognized and useful for retail purchases / barter.
Platinum and palladium are more speculative, but have their place in a diversified PM portfolio.
The "fundamentals" (uses, supply, demand) are different for each metal.
Gold being denser and worth much more by volume means you can hide it much better. You can literally store millions of euros/dollars in a small space. With silver, you need 126 times more space to store the same value.
Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
True, but not everyone just has millions laying around to invest with, so silver is better suited for small time investors.Example 3 liters of gold, the volume of two 1,5l water bottles => 57,9Kg of gold => 2,5 millions dollars
2,5 millions dollars => 3971Kg of silver => 378 liters of silver. So you need the space of a full bathtub, instead of 2 water bottles.
And you could also invest in silver without actually holding the silver yourself...
Honestly the only use for Silver in my eyes is as a heatsink. But folder is damn expensive and i can get much better value for my money if I use copper.
Silver is dead to me
Silver is dead to me
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