Silver is generally treated like gold’s little brother, and tends to get lost in the shuffle. But a recent Business Insider article listed five good reasons to buy silver.
Like gold, silver is money. It’s historically been a good safe-haven investment and a hedge against inflation. But it also serves as an industrial metal. Silver is used in energy production, computers and electronics, and the biomedical industry.
As Peter Schiff pointed out in a video last month, silver is extremely undervalued right now. The current silver to gold ratio stands at 75:1. This means you can buy almost 80 ounces of silver with one ounce of gold. Consider that the historic average ratio is around 16:1.
So, the fact that you can buy 80 ounces of silver for one ounce of gold is an incredible buying opportunity. This is silver on sale. It’s one of the greatest silver sales of all time, relative to the price of gold. This is an incredible buying opportunity.’
Business Insider offers five additional reasons that silver prices will likely surge in the future.
This post was published at Schiffgold on AUGUST 22, 2017.
Follow on Twitter
Recent Comments