Given the current condition and supply and demand for silver plus our average human lifespan, I can say that it is a good investment for now. As per your question, silver eventually will stop being used as a currency at some point in the future but we'll be long gone when it happens.
I agree. Would you consider silver as a mid-term good investment, for say, until 2020?
As yourself this question.... Who will be buying precious metals in times of Depression? The rich people try to store their wealth in precious metals, like gold and silver in difficult economic conditions..
but what happens if these conditions continue indefinitely. Would there still be a demand for these commodities? Gold is used for different things from jewelry to motherboards.. but will there be a
demand for these expensive goods, if the global economy suffers severely? Silver has some industrial demand, which makes it more attractive for a wider spectrum of things.. but in the end, cheaper
substitutes could replace them and their value will plummet. For now, under normal circumstances.. silver and gold is still in demand, and are still good investments.
As I stated above, I'm buying silver as a mid-term investment. I'm planning on selling in 2020. Would you consider that a good investment?
Yes, in times of depression there might not be a good demand level for silver. But depressions are usually followed by high inflation or hyperinflation afterwards. Also, in times of depression, you could say that the mining levels of metals will go down, and as silver is a byproduct of mining copper/gold, the supply for silver will also go down. So the price should be relatively stable.
A good example would be the 2008 recession. Silver didn't go down that much. And it recovered a year later to the starting price. The question is that whether silver will still be a store of value AFTER the depression if it happens. I know that the value might go down during the depression, but a depression must end sooner or later.
You know what I'm saying?
