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.
Investing in precious metals, it has long been a very reliable investment. I too would like to invest my surplus money in gold or silver. But I think that very soon the price of diamonds will grow much more. Cryptocurrency, it goes in parallel to all the jewelry, but do not miss this opportunity to buy today at a bargain price. How can you know exactly what will happen to cryptocurrencies in 5 years?