Post
Topic
Board Economics
Re: Is silver a good store of value?
by
Cyaren
on 14/05/2016, 06:07:53 UTC
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:
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?