There are so many investment options today that the sheer number can make your head spin and leave you uncertain as to how to proceed.
To make matters even more difficult, investment options that used to be “safe havens” are now considered “risky” and what were once popular investment options are now unpopular.
Gold has been the favored safe-haven investment option for the last decade or more. Its strong fundamentals and bargain prices have attracted investors from all walks of life.
But gold is not the only precious metal in the market, though some treat it as if it is. There are other precious metals that offer investment advantages – and one of those is silver.
In times like this, when inflation is rising quickly, fiat money becomes less and less valuable while gold and silver typically maintain and often increase in value.
Look back throughout history, and you’ll find countless times when a fiat currency – like the US dollar – weakened and investors turned to precious metals for safety.
But What is the Difference Between
Investing in Gold & Silver?
Gold is good for protecting large sums of wealth because a small amount of gold is worth a lot in trade.
On the other hand, silver is suitable for funding more common everyday transactions. In fact, up until recently, that’s exactly how many transactions were completed – silver for groceries, silver for a service, silver for food and drink.
That’s why it’s often a good idea for investors to not just invest in gold but silver as well. Plus, demand for silver isn’t likely to go away any time soon.
Silver Demand Expected to Increase
When you think of silver, it is easy to picture tableware and jewelry, but the truth is silver has a variety of uses, not the least of which is in manufacturing processes.
Silver’s unique chemical properties make it indispensable in all sorts of modern applications. This means that demand for silver is not just limited to one or two industries – and experts believe the demand (and uses of silver) will only increase more in the future.
That increasing demand means some of today’s little-known silver miners could experience major growth in the future. Here are three microcap silver stocks with “high momentum” according to Investopedia.com:
- Discovery Silver Corp. (DSVSF) – $1.54 (Price) , 0.5 (Market Cap in $B)
- First Majestic Silver Corp. (AG) – $10.91 (Price), 2.8 (Market Cap in $B)
- MAG Silver Corp. (MAG) – $15.23 (Price), 1.4 (Market Cap in $B)
Photo by Nicolas J Leclercq on Unsplash