Ever wondered why silver has taken over gold as the most rare precious metal? Read on the article below and discover the top 5 reasons on why we should buy silver in this current uncertain economy.
Reason 1: Silver mining demand are not enough to meet the current demands. Silver are often a by-product of mining copper, lead, zinc and gold. Getting silver is a bonus for mining companies.
Reason 2: Worldiwde economic growth e.g. China & India - resulting to more goods (esp electronic goods) being produced. Silver is the indispensable metal in most electronic goods (e.g. handphones, films, jewellery) as it is the most electrically conductive, thermally conductive and reflective.
Reason 3: Declining dollar (US, Euro) - With confidence dwindling in fiat currencies such as US dollars and Euros, people and investors are turning to real money which have withstood centuries, such as gold and silver.
Reason 4: Rising tide in investing demand - Gold and silver, are also known as commodities. Recently, there have been an increase in commodities demand. Gold is peaking now, and silver, the more neglected real money with gold, will gain investor's demand as people realise the gold prices are too high.
Reason 5: Gold/Silver Price Ratio - Gold and silver price ratio have always been 1:16. The current ratio is 1:69. Apparently, there are potential for silver prices to move closer to that of gold's as silver are becoming more rare compared to gold in the current era.
Hope that you have enjoyed reading the top 5 reasons to invest in silver. For more information, videos and books on investing in precious metals in the current uncertain economy, please visit my blog http://investinginpreciousmetals.info.
