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Silver, once too brittle for swords but indispensable as a trading material, has played an important role in economies worldwide for millennia. From ancient Rome to modern-day Mexico, silver has not only served as the basis for coins but is also a crucial linchpin in numerous industries. According to Katusaresearch there are plenty of future opportunities for this versatile metal.
Silver's luster and scarcity made it a top choice for trade in ancient times. Empires such as those of Rome and Spain were avid miners of this precious metal. In fact, it was the backbone of many major currencies, including the Greek Drachma and the Spanish dólar, which inspired Alexander Hamilton to establish the US Dollar.
Unlike gold, the majority of which is exhibited in jewellery and investments, more than 50% of the world's silver is used today Industrial purposes. Industries such as electronics and metalworking rely heavily on this precious metal, demonstrating its practical and economic value.
Source: Katusaresearch
Almost half of the world's silver production comes from Latin America. Countries such as Chile, Argentina, Mexico, and Peru, known as the Silver CAMP, are prominent suppliers. China also plays an important role with a stable production of about 3500 tons per year. With the largest stocks in Peru, followed by Australia and Russia, future production is well assured.
Source: Katusaresearch
Although often compared, silver is much more volatile than gold. This is due to silver's relatively small market size, which means that even marginal changes in supply and demand can cause large price swings. This dynamic presents both opportunities and risks for investors.
Silver remains valuable, both as an industrial metal and as a store of value. The loose Monetary policy measures Globally since 2008 have had positive impacts on both industrial and monetary demand for silver. Currently, silver is considered undervalued relative to gold, given its historical price ratios. This can lead to an increase in price when investors notice this trend and capitalize on it.
Silver may be on the verge of a new wave of valuation, similar to previous periods of rapid price gains. In recent weeks, we have seen that the Silver price is rising faster than the Gold price. Given its dual uses and its role in today's technology, it would come as no surprise, according to Katusaresearch, if silver once again proves itself as a crucial economic player.
Do you want to Buy silver by means of Silver Coins or Silver bars? We are happy to help you with your order.
Source: Katusaresearch
On Thursday 16 May 2024, Holland Gold will host a event on Gold and world politics in the Georg Kessler Lounge at the AFAS AZ Stadium.
The event consists of three parts: one interview, one presentation and a Q&A session for the audience. For example, the gold rush is discussed in World Politics, the geopolitical tensions that are rising every day; in Ukraine, the Middle East, in West Africa and around Taiwan. What impact does this have on the financial system? Central banks seem to be caught in a gold rush. The yellow metal achieves a Record price. How long will the US dollar remain dominant?
Buy your tickets here: https://www.hollandgold.nl/evenement/
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On behalf of Holland Gold, Paul Buitink and Joris Beemsterboer interview various economists and experts in the field of macroeconomics. The aim of the podcast is to provide the viewer with a better picture and guidance in an increasingly rapidly changing macroeconomic and monetary landscape. Click here to subscribe.
