Is silver a good store of value?

[Cyaren]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

[Snorek]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

I guess it is pretty decent investment. Basically all precious metal are. If you want to know why silver is particularly good, this article is a must-read for you:
http://www.focusontheuser.org/popular/why-silver-coins-can-save-your-butt/

[Cyaren]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

I guess it is pretty decent investment. Basically all precious metal are. If you want to know why silver is particularly good, this article is a must-read for you:
http://www.focusontheuser.org/popular/why-silver-coins-can-save-your-butt/

I'm pretty sure I've read that site before.

My concern is that when technology evolve, we don't need any more precious metals to use as a form of money. This is especially true in the case of gold, as no or little industrial demand for gold is apparent.

However, things are different in the case of silver. Silver do have an industrial demand associated with it, i.e. use in technology, purifier etc. But will that demand diminish in the future?

[Supercrypt]

Given the current condition and supply and demand for silver plus our average human lifespan, I can say that it is a good investment for now. As per your question, silver eventually will stop being used as a currency at some point in the future but we'll be long gone when it happens.

[Kprawn]

As yourself this question.... Who will be buying precious metals in times of Depression? The rich people try to store their wealth in precious metals, like gold and silver in difficult economic conditions..

but what happens if these conditions continue indefinitely. Would there still be a demand for these commodities? Gold is used for different things from jewelry to motherboards.. but will there be a

demand for these expensive goods, if the global economy suffers severely? Silver has some industrial demand, which makes it more attractive for a wider spectrum of things.. but in the end, cheaper

substitutes could replace them and their value will plummet. For now, under normal circumstances.. silver and gold is still in demand, and are still good investments. 

[romero121]

Silver can be considered a good store of value when the investment made over it is a huge one. As its a commodity as gold, due to its decreased value it has never been prioritized by users who were much into gold investments.

[European Central Bank]

Silver's crazy volatile, crazily vulnerable to manipulation and shills seem to have promising riches forever. That sounds kinda familiar.

I ain't seen them yet and I don't expect to in my lifetime.

[The Sceptical Chymist]

As a store of value, I think it's pretty good--but it all depends on the price you paid for it.  There were so many people jumping into the PM market back in 2011, it was unreal.  And you know a lot of them were still buying when silver was reaching $50/ounce and gold $2000/ounce.  If you got in when silver was $14 then you made money and will likely preserve your wealth.  Now is probably a good time to buy.

[Yakamoto]

Silver, gold, platinum, palladium, all of them are fairly good stores of value. It all depends on how long you intend to keep it and how well you can store it, though, but precious metals are a good investment 99% of the time. You can go and look at the charts for all of the metals and determine which one is best for you.

[zodiac3011]

Silver is indeed used for a long long time for trading and using as currency due to the stable price of it. However I think will it be worth storing in large value? Gold has much more value so the amount needs to store is much smaller than silver so silver takes more place to store.

[Cyaren]

Given the current condition and supply and demand for silver plus our average human lifespan, I can say that it is a good investment for now. As per your question, silver eventually will stop being used as a currency at some point in the future but we'll be long gone when it happens.

I agree. Would you consider silver as a mid-term good investment, for say, until 2020?

As yourself this question.... Who will be buying precious metals in times of Depression? The rich people try to store their wealth in precious metals, like gold and silver in difficult economic conditions..

but what happens if these conditions continue indefinitely. Would there still be a demand for these commodities? Gold is used for different things from jewelry to motherboards.. but will there be a

demand for these expensive goods, if the global economy suffers severely? Silver has some industrial demand, which makes it more attractive for a wider spectrum of things.. but in the end, cheaper

substitutes could replace them and their value will plummet. For now, under normal circumstances.. silver and gold is still in demand, and are still good investments. 

As I stated above, I'm buying silver as a mid-term investment. I'm planning on selling in 2020. Would you consider that a good investment?

Yes, in times of depression there might not be a good demand level for silver. But depressions are usually followed by high inflation or hyperinflation afterwards. Also, in times of depression, you could say that the mining levels of metals will go down, and as silver is a byproduct of mining copper/gold, the supply for silver will also go down. So the price should be relatively stable.

A good example would be the 2008 recession. Silver didn't go down that much. And it recovered a year later to the starting price. The question is that whether silver will still be a store of value AFTER the depression if it happens. I know that the value might go down during the depression, but a depression must end sooner or later.

You know what I'm saying?

[Nowl1935]

I guess the silver is not worth much as the price of btc/gold, it has low value. The price of silver is not much moving , the price is steady is see

[btcjoin14]

Right now it probably is. In the future we may not know. As time goes on the need to store money in precious ores are coming to and end.

[Herbert2020]

in my experience all the precious metals are an excellent way of storing value because they are so popular and you can trade them anywhere you want and the price is usually not that volatile but mostly rising.

although if i want to choose between the precious metals i would always choose gold first.

[pitham1]

Right now it probably is. In the future we may not know. As time goes on the need to store money in precious ores are coming to and end.

Even if this does change in the future, the change won't be abrupt.
I don't expect precious metals to lose value significantly overnight.

[praprata]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

I do not think that silver is worth that much it is better if you invest in gold instead of silver, gold is worth much more so yo can get more money out of it.
Maybe silver will be also worth allot of money in the future.

[xIIImaL]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

I do not think that silver is worth that much it is better if you invest in gold instead of silver, gold is worth much more so yo can get more money out of it.
Maybe silver will be also worth allot of money in the future.

No one will prefer silver in this international economy Most of the people would choose the gold and diamond only. As we know digital currencies So we can invest on bitcoin or any other altcoins to make good profit in future years.

[Mumbeeptind1963]

As the title suggests, please share your views on silver and its store of value.

Silver has been used for money for thousands of years before us. But will it continue to have this function?

I do not think that silver is worth that much it is better if you invest in gold instead of silver, gold is worth much more so yo can get more money out of it.
Maybe silver will be also worth allot of money in the future.

No one will prefer silver in this international economy Most of the people would choose the gold and diamond only. As we know digital currencies So we can invest on bitcoin or any other altcoins to make good profit in future years.

For me, Its much better if you choose arypto currency than silver but you need to choose the altcoin has a future like Xaur, or other altcoin has a future, so that you are sure you gain profit. If you choose silver you can earni here but it is not enough if your funds for trading here is too small, so if i were you choose altcoin.

[Shiroslullaby]

I don't think silver will be as useful as gold, since gold can be used in electronics and other uses,
but silver will still always have some value, and has had slight gains recently.

I'm sure its a pretty safe investment. I don't see the value going down, but you probably won't get a huge return on your investment.
If you are okay with a slight profit its definitely solid.

[yayayo]

Compared to fiat silver is clearly a much better store of value, especially if you thinking for the long term. Before the unholy fiat age, silver - not gold - has long been the most important metal for coinage. The now defunct gold standard was in fact introduced because of a silver shortage (not disregarding the fact that gold has a long standing history as a store of value, but it was too precious to practically use it for daily purchases). In my opinion, silver clearly is a very good protection against inflation and it's comparatively cheap compared to gold these days. However one has to keep in mind that silver is much more volatile than gold both on up and downwards movements. But as debt and fiat money creation is expanding every single day, possible volatility (silver) is meaningless compared to guaranteed worthlessness (fiat).

As a store of value, I think it's pretty good--but it all depends on the price you paid for it.  There were so many people jumping into the PM market back in 2011, it was unreal.  And you know a lot of them were still buying when silver was reaching $50/ounce and gold $2000/ounce.  If you got in when silver was $14 then you made money and will likely preserve your wealth.  Now is probably a good time to buy.

It always depends on the price - and how long you are able to hold an asset. I also agree that today is a very good time to buy. But I think whether you bought silver @$50 or $15 is less important than if you bought anything at all. Holding fiat will perform much worse in the coming decades for sure...

ya.ya.yo!