What is the future for silver?

in steemsilvergold •  2 years ago 

One thing I think about quite a bit when it comes to investing is buying silver. Buying silver is a good investment because it is really undervalued at the moment. It is also a good investment because it is a good store of value. Silver is currently undervalued. It has been undervalue for a while now and I think there needs to be a point where the price raises. The process for mining silver is very long and it definitely takes some effort to be able to produce pure silver.

Silver can be used for many things we use like electronics and cars. The demand for silver will go up the more it is being used up for different things. Silver has historically been money...In my opinion silver is way better than the fiat dollar. Silver actually has use and value compared to paper money.

Silver is still relatively cheap for the most part so I think it is a really good time to pick some up and save it for the future. The price of silver per ounce is predicted to go up in the next couple of years. I recommend saving it for the long term and holding on to it. It is a good way to start saving your money besides storing it in fiat currency.

Silver is a industrial commodity. It is used for a lot of things including electronics. Silver also has intrinsic value. It is also a good way to protect yourself from inflation. It can be a good hedge against inflation.

Physical silver is a hard asset. You can actually hold it in your hand. It is also a much cheaper option to invest in compared to gold. Silver is much more cheap that gold overall. It is much more affordable than gold.

The uses for silver is growing. It can be used for many different things. It has many industrial applications. Silver's biggest use is industrial. The more the demand grows for silver, you would think the price for silver would go up the more demand there is and the more rare it becomes.

Right now since it is pretty undervalued, it is a good time to buy some silver and hold onto it. There's a good chance that in the future the price of silver is going to go up and have a lot more value than it currently has. Many people have many different predictions. We shall see what happens over the next few years. It could become more expensive in the future because of its rarity or because it is being used more...or because there is more demand for it. There could be many different reasons.

Overall, I hope the prices of silver go up more than tenfold because I feel that the price of silver is way undervalued and it should really be much more expensive than it currently is. Right now it seems relatively cheap, but it is projected that in the next few years it should be much more expensive than it currently is. Who knows if these projections are really true...I just hope that silver has a good future in the long term. I want it to be a good way of saving and investing my fiat currency instead of just saving cash.

Silver is much easier to start investing in since it is much cheaper than gold. So that is a pretty good perk for people who want to start investing in something new such as silver. Although I think that gold is still undervalued, I still think that silver is much easier to get into just because of the price of it...at least compared to gold.

Silver is a great way to start saving your money and I think it is definitely a good thing to start investing in. I really hope that there is a much brighter future for silver as well as gold. I think both are great investments. Both are great ways of saving and investing your money.

Thank you for listening to my rant about silver. Steem on!

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I like the way you write... And yes, I agree that Silver and Gold are currently undervalued... What most people have a hard time believing, is that our Common U.S. Coinage "will" out-perform Silver, Gold and all the Cryptocurrencies, including Bitcoin... That said, you'll do good with your Silver and Gold Coins... At least you're into the Best Silver and Gold Coins... I think a person should be holding 1% of their Total Debt in Common U.S. Coinage, before the Reset... Think of it as the icing on your Silver and Gold Stack...

Yeah I have some common us coinage saved in a jar for the future. Just figured id start saving some change I guess...

I'm sure you'll be glad you did... Common U.S. Coinage is the overlooked hard asset... No one sees its real potential "yet"... Once it becomes known, it will be too late...