Demand for Silver
One of the reason to be bullish on silver in the long term is that silver is used by many commercial and industrial firms for products that are indispensable in our daily lives. Demand for Silver is high in our industrial society.
Silver is now such a versatile industrial metal that we see it as a great way to save and invest in our diversified portfolio.
You may not realised it, but the moment you woke up, you have been using products with silver in it.
Silver is present in your alarm clock, your wall switch, bathroom mirror, your electronics devices that you check immediately upon waking up, such as your mobile phone, your iPad, Apple Watch or your computers.
When you have breakfast, silver is in your microwave, your refrigerator, your water purifier.
Silver is now starting to be used widely to purify your water instead of toxic chemicals like chlorine or bromine. Silver is also used in some food processing, and food packaging to keep bacteria out.
When you switched on your electricity, not only are silver wiring more efficient in conducting electricity, your energy plants also uses silver for generation.
Fossil fuel plants uses silver coated mirror for steam generation, and solar photovoltaics uses silver paste in their productions.
You put on your clothes, if you are wearing polyester, silver is required. And if you used a washing machine to clean your clothes, silver is present as a catalyst for the cleansing operations. For smart clothings now in trials, silver is used too.
As you head out to your car to start your day, guess what, your car contains many ounces of silver, both in the electronics component as well as in the engine as catalyst. Your modern RIFD car key contains silver, and if you are one of the electric car owners, well, more silver is inside.
Yes I can go on and on, but I think you get the message, widespread demand for silver is a key fundamental reason why so many savers and investors like to stock up on silver. And many have stock up from www.goldsilvercity.com.sg
For seasoned investors with a healthy portfolio of stocks, bonds or property, silver /gold physical bullions offer a great way to diversify into a stable and rewarding portfolio such as the Browne Permanent Portfolio, which I will go into more details on another post.