Over the years, silver has always played second fiddle to gold. Considered a lucky metal to hold by some, silver may now be set to become lucky for its holders. Adding silver to an investment portfolio now, could see huge gains for its owners in the future.
Previously, when inflationary pressures were aloof, holding gold was always seen by investors as the best option to counter those pressures. However, gold has seen huge price hikes over the last few years, and now has become out of reach for many of those investors.
Silver is remarkably similar to gold, although with one big difference. It is a precious metal the same as gold, and is used for both jewellery and industrial purposes in the same way. But unlike gold, 95% of the worldwide silver that has been extracted, does not exist any more.
Gold has always been seen as an investment metal, with most of it being melted down into bullion bars, coins and jewellery, etc. Only a small percentage of it has actually been used for industrial purposes. Where as with silver, only a small percentage of it has been used for the production of jewellery, silverware, coins and bullion bars, etc. and 95% of it, has been used for industrial purposes.
Silver has been used for many years within the ever disposable electronics industry. It has been used as an essential material in the production of products such as computers, mobile phones, televisions and batteries etc. For even longer, silver has been used within the car industries and machinery industries.
As all types of technologies advance, old systems that become obsolete get thrown away. Fashion conscious beings also find the need to change at a whim everything that goes out of fashion, resulting in these products not existing any more, along with the silver that was used within them.
All of these factors have put pressure on the silver supply chain, which in turn have created a problem that could be difficult to deal with. Silver has become more difficult to find, and even more expensive to extract. Industry demands for the metal have also risen fast, which have all contributed to a situation where a future silver supply shortage could exist.
Although the world may have experienced these types of precious metal shortages before, this time, the silver is no longer there to be extracted. And with the silver that has been discarded over the years no longer available for re-use either, all points to a prominent hike in the price of silver over the next few years or so. Something that could make investing now, a smart move for the future.
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