Post
Topic
Board Economics
Re: Silver is loosing ground due to rise of cryptocurrencies
by
bobo012
on 26/07/2018, 11:34:55 UTC
In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.

It is good news indeed. It will manifest even more down the road. Silver is losing its place in the investment sphere. Crypto investments are being sought after, and are truly scarce, unlike silver and gold that can be found around the universe, you cant find bitcoin on Jupiter haha