Why I like Silver

Published: 2 Nov, 2020
Silver and Bronze Aztec rounds

Silver has been used and prized by many cultures for thousands of years. It is still a crucially important commodity for both industrial and investment purposes. In this post, I’ll explain why I like silver.

The main reason is because it preserves over time our purchasing power. This is what makes it a useful asset, as many investors highlight. How does it preserve its purchasing power?  For the most part, silver is able to keep up with inflation. Its appeal is over the long run. As some investors note, silver is more similar to a savings account.

Another benefit is silver’s high liquidity. Liquidity is a measure of how quickly and easily something can be sold without dramatically impacting its price. This is particularly useful in the event of a “rainy day” or an emergency; it helps to keep you solvent even in the event of a major market downturn or unexpected disruption to your life. It is more affordable than its yellow cousin, gold. At the time of writing, the silver to gold ratio (ounces of silver required to buy an ounce of gold) is around 79 to 1.

I’ve heard a YouTuber say, “Silver is the king of all metals”; I tend to agree. Without it, we would’ve been able to build solar panels, and make use of the most abundant source or energy, the sun. It is the best conductor of electricity, and that’s only one of its many uses.

Other uses include:

Water purification – NASA astronauts drink water purified by ionized silver rather than using chlorine. Its ions destroy bacteria in the water and are then filtered out.

Food preservation – It is used as a biocide. It is now used as a food preservative.

Photography – Light-sensitive silver halide crystals leave a latent image of the film, which lately can be developed into a photograph.

Silver has many more uses than I have described here; I have just concentrated on the main reasons of soft spot for this metal. Yet, most people aren’t aware of how valuable it is. Without it we wouldn’t have many of the great comforts of the modern world. It is truly ‘the king’.

I invite you to browse some of the metal I’ve accumulated over the years.