Society & Culture
Silver has always been a good investment in the United States. It is a valuable metal and in widespread use not only as physical currency, but in industrial uses in electronics, medical and more recently renewable energy. Many people also collect silver coins, both rare and special issues. These are typically called numismatics and can be a significant and valuable investment.
There are a variety of reasons why silver, along with other precious metals such as gold, platinum and palladium are safe, sound investments. This article will focus on silver and its value as an investment vehicle.
Silver is viewed as a hedge against economic uncertainty.
Like other precious metals, silver is a good hedge against economic uncertainty. When the stock market is declining and inflation soaring or recession looming, people want safer investments. Investing in silver may be a smart choice. Silver has been shown to increase in value during times of inflation. During inflation the cost of goods typically increases as does the cost of production. The demand for silver, which is being used for various purposes in that production rises along with the price.
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