Topic: Is silver a good store of value? - page 4. (Read 2545 times)
Still too many people around touting silver at $500-$1000/oz "soon" when the price gains a few cents. IMO the 2011 silver bubble has not completely deflated yet (it was $5/oz in 2000) and it faces a few more years of decline. Of course it is in case of a deflationnary environment, but strong inflation seems more and more unlikely with all the debt deleveraging and the plunging commodities.
Silver's crazy volatile, crazily vulnerable to manipulation and shills seem to have promising riches forever. That sounds kinda familiar.
I ain't seen them yet and I don't expect to in my lifetime.
I ain't seen them yet and I don't expect to in my lifetime.
Silver can be considered a good store of value when the investment made over it is a huge one. As its a commodity as gold, due to its decreased value it has never been prioritized by users who were much into gold investments.
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.
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.
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.
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?
I guess it is pretty decent investment. Basically all precious metal are. If you want to know why silver is particularly good, this article is a must-read for you:Silver has been used for money for thousands of years before us. But will it continue to have this function?
http://www.focusontheuser.org/popular/why-silver-coins-can-save-your-butt/
I'm pretty sure I've read that site before.
My concern is that when technology evolve, we don't need any more precious metals to use as a form of money. This is especially true in the case of gold, as no or little industrial demand for gold is apparent.
However, things are different in the case of silver. Silver do have an industrial demand associated with it, i.e. use in technology, purifier etc. But will that demand diminish in the future?
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?
I guess it is pretty decent investment. Basically all precious metal are. If you want to know why silver is particularly good, this article is a must-read for you:Silver has been used for money for thousands of years before us. But will it continue to have this function?
http://www.focusontheuser.org/popular/why-silver-coins-can-save-your-butt/
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?
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