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What are the reasons to buy silver?
Autor: Rolf van Zanten Date: 20 May 2024

What are the reasons to buy silver?

An increasing number of private savers and investors are choosing to convert a portion of their savings into physical bullion. Both gold and silver have played a role as real money for 5,000 years and are a proven method of protecting and preserving accumulated wealth and purchasing power.
 
Most important advantages of holding physical silver are:
  • Owning equity because the metal is at your fingertips.
  • Not being dependent on a third party, such as a bank.
  • The asset is disconnected from the fiat money system and gains tangible value.
  • Silver coins can also be used as a medium of exchange or payment.
 
Today, silver is also used in a wide range of devices. After oil, silver is the most versatile commodity and is used in cell phones, computers, solar panels and batteries for electric cars, among others. More than half of annual silver production is consumed in a variety of industrial applications. In short, silver is indispensable.