Silver has a rich history be it use for forging out sword handles, ornaments or its use as currency for early monetary exchanges, Hence silver has forever been more than just a precious metal it’s been a part and parcel of ancient life, the same still continues to this day by its use in various industries and electronics items though very few realize how Silver has been at the helm of electronics and communications industry ; and how it affects the luxuries of life that we take for granted today. Even centuries ago silver was a sign of opulence hence the famous adage “born with a silver spoon”.
In ancient times silver was used more extensively than gold as money, and use of silver in coins and currency can be seen as early as a few centuries A.D. in the Indian subcontinent and china. Silver was preferred over gold in most economies because of its comparative lesser worth and easy availability when compared to gold, usage of gold coins though seen in many ancient civilizations like the Incas were few and far between, simply because sometimes the currency itself was worth a lot more than the commodity making its use impractical. The currency as we know of it today has a relatively short history, even eminent noble prize winner Milton Friedman acknowledges silver as the major monetary metal in history over all the other precious metals like gold.
As mentioned earlier with the exponential growth in electronics industry that requires silver for its property of high conductance its industrial demand is increasing and supply is finding it hard to keep up. Over the past few decades, because of the lack of knowledge and insight amongst the major portion of investment agencies, financial brokers and agents regarding silver, it’s been neglected and has been regarded as an undervalued asset, but with the signs of financial crisis looming large this ignorant mindset towards silver has changed and the financial services industry now recognizes it as a wise investment strategy for diversification of one’s investment portfolio. Silver investment is now said to provide a balance in an overly aggressive investment portfolio.
With ominous signs towards gross inflation in day to day commodities and goods, coupled with economic failures, currency crisis and marked deflation in the assets like properties, stocks and bonds, timing couldn’t be better for taking a plunge into silver investing because it’s not been called "The major monetary metal in history” for nothing.
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