When it comes to investing in precious metals, many people consider gold to be the single best option. This is not the case because of the growing industrial demand for silver. The hi-tech niche has made silver an incredibly popular commodity, which quickly increased the appeal of silver as an investment option.
Investing in Silver: An Overview
The mining of silver started a long time ago. Historical records suggest that silver was extracted as early as 5,000 years ago. The precious metal proved to be a valuable resource for the development of numerous civilizations in the Near East and Europe.
Silver has played an important role throughout history. The Spanish conquest of the New World led to a rapid expansion in silver mining. During this period, countries like Peru and Mexico produced nearly 85 percent of the world’s silver.
Today, the annual silver mining exceeds 26,100 tons. The US alone produces nearly 1,090 tons of silver and the value of this amount is more than 840 million dollars. The global silver demand in 2014 was 1,081 million ounces of which, most of the silver was needed for industrial purposes, coin and bar manufacturing, jewelry, electronics and industrial photography.
Is Investing in Silver a Good Idea?
Want to buy silver bullion online? Still not certain about the attractiveness of this option? Buying silver bullion ranks among the most practical opportunities for stabilizing and diversifying your investment portfolio.
When you invest in silver, you get to enjoy the following benefits:
Over the last few years, silver has outperformed gold significantly in terms of a price increase
You have many options to choose among – coins, medals and bars are just some of the possibilities for physical silver ownership
Precious metals like gold and silver have the lowest correlation with all asset varieties among investment options
Silver can act as a hedge against inflation
It will remain stable in the case of a bank crisis, political upheaval or economic uncertainty
Silver bullion is a more affordable option than gold
The industrial demand for silver is growing all of the time, which will affect the price of the precious metal in the years to come
Both gold and silver are considered long-term investment options that will guarantee financial stability for decades
It’s easier than ever to acquire silver – you can buy silver bullion online from the comfort of your home
Get Started: Our Silver Product Range
Macoins Gold gives you the perfect opportunity to buy and sell gold and silver online. Take a look at our silver product range. Choose among the silver bars, coins and medals. All of these products come with proven authenticity and the highest possible quality. Don’t know how to choose the silver product that’s just right for you? Contact us today and we’ll be more than happy to guide you through the process.