Silver is used extensively in industry as well as in coinage and jewellery and for decorative functions. Silver has always been the poor man’s gold, but through the ages has been a store of value just like gold.
Silver was widely used because it has excellent conductivity, thermal properties as well as excellent corrosion resistance and is malleable enough to be worked yet durable.
Industrial Demand Growing
Silver is a very popular commodity today which is used in glassmaking, dentistry, medicine, computers, electronics, and the aerospace industry. Silver conducts electricity and heat extremely well and is often used in electrical circuit boards and in the production of solder.
Countries such as China and India have an increasing middle class who want to live a western lifestyle. This means demand for commodities such as silver will increase exponentially over the next decade.
Why Buy Silver?
- There is currently less investment-grade silver available on Earth for investors to buy than there is gold.
- Today, there is only enough investment-grade silver on Earth for every person to have 1/14th of an ounce.
- Silver is a 'miracle metal'. It is second only to oil as the world's most useful commodity.
- Aside from being money, silver has thousands of essential industrial uses. Silver is the most electrically conductive, thermally resistant, and reflective metal on the planet that has no known substitutes.
- For the past 30 years the world has used up more silver than has been mined, and today silver inventories are near all time record low levels.
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