Silver and gold are the precious metals we all love. Is one metal better than the other for investment purposes? Silver was used as a monetary metal and medium of exchange long before gold coins became popular and was used in a greater number of exchanges. The technology explosion made silver important for a new reason. It is an essential component of all electronic devices, and some investors claim silver is the most important element for a high tech world. Investment wise gold and silver offer the same attributes, but the uses of silver make it a better value.
Silver Is the Common Man’s Gold
According to Gold Silver, it is much easier and more affordable for people to buy silver than gold. Even though it isn’t cheap, it is very affordable, and people can save a little each week and make a few purchases a year. While the average worker can afford to buy large lots of silver, he or she can start slowly accumulating coins or bars.
Silver Is an Excellent Insurance Policy
Whenever there are periods of paper money printing, they are often followed by inflation and even hyper-inflation. The people who capitalized during these times were holders of monetary metals. Owning physical silver will give you the chance to protect your wealth in difficult economic times. Buying silver now, while it is relatively cheap, can take you through hard times if we have another market crash.
Silver Offers More Versatility than Gold
Gold is used for coinage, jewelry, and ornamental applications, but there are few other uses for it by the science field. Silver is being used in industrial, medical, and technological applications around the world. Silver has anti-microbial properties making it acceptable for medical appliances. Cameras, laptops, cellphones, monitors, and dozens of other electronic devices depend on trace amounts of silver.
As technology uses for silver continue to expand, the demand for silver will grow.