Is Silver a Good Investment? Top 5 Reasons you must Invest in Silver in 2021.
Analytics have been showing that Silver has not historically performed well like gold during recessions and the stock market crashed as an obvious factor. The whole World’s economies have been weakening because of the pandemic and so, demand for this portion of silver normally declined.
Despite the huge declines of the Markets, Silver is still treated as an asset for future growth. We came out with the top 5 reasons that prove that Silver is Still a Good Investment in 2021.
- Silver is Affordable:
Yes, Silver is comparably cheaper than any other precious metal like Gold. It is approximately 1/65th the price of Gold. That’s what you get with silver! It is affordable for an average investor, and yet as a precious metal will help maintain your standard of living as good as gold during periods of monetary dilution for sure.
If you can’t afford to buy gold, silver can be your ticket and is a better investment option.
Silver is also the best return gift option. Don’t want to spend a huge amount on any weddings or occasions, silver is the best green option and rich in status.
2. Silver is a Real Money:
Silver may not be part of our daily currency, but it is still money. Silver, along with gold, is a powerful form of money because it can’t be created out of thin air (and thus depreciated) like paper or digital forms. And by real money, we do mean physical silver—not ETFs or certificates or futures contracts. Those are paper investments, which don’t carry the same benefits.
Physical silver is a store of asset value, just like gold. Here’s why.
• No counterparty risk. If you hold physical silver, you don’t need another party to make good on a contract. This is not the case with stocks or bonds or any other investments.
• Never been defaulted on. If you own physical silver, you have no default risks like any other investment you make.
• Long-term use as money. A scan of monetary history shows that silver has been used more often than gold!
•.It Already Proved that owning some physical silver provides you with a real asset that has served as money for literally thousands of years.
3. Physical Silver – A Hard Asset:
Just ask yourself, out of all your Investments, how many have you hold in your hands?
In a world of paper and Digital profits, Stock trading, and currency creations, physical silver stands in contrast as one of the rare assets that you can carry in your bag anywhere you go. And it can be as private and confidential as you want. Physical silver is also against all forms of hacking and cybercrime. There’s no “erasing” a hard Silver Asset. for example, but that can certainly happen to a digital asset:
4. Silver May Outperform Gold:
Silver is a very small market—so small that a little cash moving into or out of the industry can forecast the price to a much greater curve than other assets (including gold).
This high volatility means that in bear markets, silver falls more than gold. But in bull markets, silver will move much further and faster than gold.
5. Silver Industrial Use is Increasing:
Is there any day that you cannot pass through a silver product in your daily life? Hard to say a No right.
Silver has extensively been using in huge Industries, Medical Applications, Electronics, Batteries, and Solar applications, and many more as a chemical core component in the manufacturing process. So Silver is Everywhere, you see it or not.
Due to silver rare metal characteristics, the number of industrial applications for silver has been increased drastically. The industry now gobbles up more than half of all silver demand.