Is Silver A Good Investment? 3 Reasons Why You Should Invest In Silver Now
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Gold and silver are the two of the most popular precious metals and make for a great investment hedge. Investing in these metals can lead to greater benefits; however, smart investors, who understand the unmatchable benefits of precious tangible resources, sometimes choose to invest in silver—a safer investment choice.
You could be a seasoned investor and still find yourself in a dilemma when it comes to choosing between silver and gold. To help you out, we’ve come up with three compelling reasons why investing in silver could be a great investment move right now.
Silver Has Growing Industry Demands
Although the use of gold is popular in the tech industry, its usage is still limited because of high costs. On the other hand, silver is a more affordable metal, used across various industries, such as medicine, automobile, construction, science, electronics, energy power plants, jewelry, dentistry, and textile; the list goes on.
The demand for silver has increased significantly over time, with usage of almost 970 million Troy ounces in the year 2015. Just thirty years ago, this number was 375 million Troy ounces, which shows the enormous leap in the consumption and demand of silver.
An Ounce of Silver is More Affordable than Gold
Silver can be purchased at 75 times lower than the cost of gold. But how does that serve you?
If the value of silver ever dips—which it won’t because its prices were predicted to increase this year—you won’t be disappointed because you didn’t invest a very large amount in the first place. This leads to a higher sense of security. This is another reason why the market for silver is expanding and rebounds quickly in case of price dips.
Enables Investors to Mitigate Portfolio Risk
Silver helps investors mitigate risk from their investment portfolio. Because of its stability, silver is prone to performing better than stocks, bonds, and other financial assets during global political unrest, inflation and periods of extreme deflation in the economy.
With all these benefits, there can still be factors that may cause your silver investments to fail, such as the revaluation of the U.S. dollar and an increase in the use of other substitute metals in the industries. However, with a precious metal storage company like Orion Metal Exchange at your service, you don’t have to worry about that.