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.
That's right, I can see so many things that are gold and silver and they are really precious for the people. People would take care of these precious metals that they have a special place in the house always.
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 ?
Would you mind providing the link of this recent survey? Nevertheless, silver is still one of the precious metals that investors go to aside from gold but maybe during these times when cryptocurrency is gaining traction then their market share is slowly diminishing.
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.
On the crypto communities' side, this would be good news cause this would mean that the demand is going strong. Seeing the number of ICOs launch every day, the market share of each coin is getting smaller but then we should stick to the ones who has shown strong foundation and has been existing for sometime.