Gold $2,325.50   $-8.90  Silver $27.35   $0.10  Platinum $917.00   $-11.30  Palladium $1,033.00   $12.40

Silver is among the best investments available. This remains as true today as it was centuries ago. Its value extends beyond its commodity status. Virtually every investor welcomes silver as a staple in his or her portfolio. However, you may be wondering if this precious metal ever loses its value. The experienced dealers from First National Bullion and Coin offer these things to consider.

Reasons Silver Is So Valuable

Silver maintains its value for a variety of reasons. It’s easy to coin for trading at local markets. Most people know it for its allure as jewelry and silverware. However, there are also many technical uses that make silver an essential part of industrial operations. Silver is a commodity with a very rich history. Investors include it in their portfolios as a way to maintain lasting wealth.

An Established Commodity

Silver has a time-honored history. Since the beginning of human civilization, it has been used as jewelry and tradable coins. The first silver mine dates back as early as 3000 B.C. Perhaps the best way to describe silver’s universal allure as a commodity is its high value-to-weight ratio. However, it’s important to note silver is more than a precious metal. It has many industrial applications for products used every day.

Uses of Silver

Few natural substances have the amazing properties of silver. It’s the best reflector of visible light and is highly conductive. Besides jewelry, silver has been used for dining ware and home adornment. It was widely used in early photography. In more modern times, fantastic conductive properties make it a primary substance in high-end electrical components. Other applications include water purification, dental fillings, nuclear applications, and touchscreens. The future will likely uncover other uses for silver, and this must be factored in when considering its value as a stable investment.

Lasting vs. Spendable Wealth

Wise investors say to measure wealth in ounces, not paper money. This premise is based on the simple fact that government-printed money invariably changes. Regulators can alter the rules that govern paper money. Markets can shift so dramatically as to make some currencies irrelevant. However, this doesn’t happen with precious metals. Long-term investors should condition themselves to react to precious metals markets with patience. The essential point is that silver represents lasting wealth, as opposed to spendable wealth, which paper money represents.

Over time, silver has been a very solid investment, and its use in everyday products only strengthens its value. Both the historical track record and perception of silver make it essential to the global economy. It’s a trusted metal that can be exchanged between human beings anywhere in the world. This alone is enough to sustain an increase in value of silver over time.

When they’re looking for the best place to sell or buy silver bars, Scottsdale collectors call on the professionals at First National Bullion. We buy and sell all kinds of precious metals, including silver, platinum, and gold. If you’re looking for trustworthy dealers and high-quality service, give us a call at 480-546-5089 to speak with one of our precious metals experts. 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2020-07-14T14:20:06-07:00April 13th, 2020|Miscellaneous|0 Comments