It is reasonable: You won’t find a better time or a better deal to buy silver bullion at a ratio of 90:1 to gold. As global demand rises, production and supply are being strained, leading to skyrocketing premiums for bullion coins and bars. Regardless, if you want to increase the amount of money you spend, we suggest that you pay close attention to silver while it is at low prices and there are products available for purchase.
There’s a lot of upside potential. Despite selling well below its all-time high of $50, silver is still languishing in price. The most plausible explanation is that global exchange-traded funds (ETFs) are selling silver due to the strengthening dollar and rising interest rates. Also, keep in mind that JP Morgan owns more than half of the deliverable silver in the COMEX warehouse. Silver will test its all-time highs once more with the world in chaos and a currency that is almost worthless.
It’s very liquid. It is a safe bet to say that you can convert your silver coins and bars into virtually any currency or tangible asset worldwide in a world with failing banks and cryptocurrency. Because it is simple to sell in an emergency, silver bullion is one of the most popular forms of investment. In addition, the silver price is simple to monitor every day because it is traded on a global market.
It is common. In 2021 silver recorded a long-term high at $25.10 per ounce. Mining production rose in 2021, but not at the rate that had been anticipated due to the pandemic’s significant labor shortages. This leaves us with a significant gap in the supply from above. The supply is being consumed by thousands of applications in manufacturing and technology, not just investment-grade silver bullion.
It can handle a recession. Yes and no are the options here. These days, the term “recession” clearly means different things to different people. We do know that inflation is slowly draining the middle class in the United States. During difficult economic times, buyers of silver bars and coins seek an anchor for their portfolios. Find a way to turn some of your wealth into silver bullion if you want to safeguard your assets.