Quote:
Originally Posted by srockhard
Silver over gold. Please consider Bitcoin as an investment too. And a solar powered atv!
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Silver has some major advantages over Gold in boom times:
(1) Silver is MUCH rarer than Gold (above ground) - and yet few people know this.
(2) Silver is consumed at a vastly growing rate & therefore not much floating supply.
(3) Is the most conductive element in the world & therefore has huge industrial uses including solar as you mentioned.
(4) Mine supply is approaching a peak and will soon decline.
The downside is that in a global economic slowdown.... less industrial demand means more supply and therefore lower prices. In a QE or inflationary environment, Silver will still do well but perhaps not as well as it could if there was also industrial demand at peak levels.