I have previously advised that silver is a versatile metal and as its uses grow, so does demand for silver.
Therefore the price of silver, because its demand is growing, will be sustainable.
Below are some of the many uses of silver.
Silver’s Use in the Transmission of Energy – Hydro
There is an energy crisis. Whether it be the cost of imported oil and the need to conserve, or greater demands from consumers and industry, the use and transmission of hydro power is growing and will continue to grow.
Energy infrastructure – which uses silver extensively – has been deteriorating and demand for new infrastructure is growing. It is growing rapidly in China and Asia, but as America’s infrastructure needs updating, it will also be growing in North America. We will have to rebuild our entire energy infrastructure in the next generation or two and silver will be a big part of it. (Huge Applications: from energy generation to storage to consumption.)
Silver’s Use in Technology
It will be technology that will determine how fast we’re going to tackle the monumental problems we face in the coming years and silver is important for technological advancement in both the low and especially high tech in commercial and industrial applications.
Think about how many electronic gadgets you have. Think about the frequency at which you replace your cell phone, your iPad, and your TV.
Every one of these modern electronic devices uses some component of silver.
Silver’s Use for Jewelry and Kitchenware – Becoming More Widespread for Health Reasons
Everyone knows that silver is commonly used in jewelry and in household items. Think about the billion new middle class consumers created over the last decade in what were formerly third world countries.
Think about the countless additional numbers being created as the world shrinks.
Demand for silver jewelry and kitchen and serving utensils, is not shrinking. It is growing at a dynamic rate.
Silver’s Use in Providing Fresh Drinking Water
There is a serious shortage of fresh drinkable water in many parts of the world and the situation is getting worse. Silver will be an integral part of whatever solutions will come forth to solve this problem. Do a Google search on the issue. Silver is an integral part of the solution.
Silver’s Use as a Healthcare Metal
You have probably heard that silver’s use as anti-bacterial and anti-infection agent is spreading quickly. Today many doctors prescribe bandages with a silver component. Yes, because of the spread of superbugs, that are becoming impervious to penicillin and other infection fighting tools, practitioners and consumers alike are turning to more natural means of combating infection – that means more and more use of silver.
Silver is unique in having these anti-bacterial properties. Silver is credited with saving much of the elite when plague hit Europe because they used silverware, while the poor people used other metal and wooden cutlery. Silver kills single cell organisms, i.e. bacteria. Samsung has been selling silver coated appliances for about 5 years now.
In chronic cardiac care wards, it is now common to use beds that are silver lined to prevent weakened body defenses from being overwhelmed by infections. Very expensive beds, but they are now quite common.
The use of silver in healthcare is growing rapidly.
Silver’s Use as a War Metal
The recent demand for rare earth metals is a prelude of what is to come for all of the so-called strategic metals. Silver is a strategic metal due to its role in high tech devices used in weapons and weapons systems.
Silver is one of essential metals for these purposes due to its physical characteristics.
Silver’s Use as an Alternative to Gold for Investors
Aside from all of the reasons mentioned above, silver has always been, and always will be, an alternative to investing in gold. Silver has always had the moniker “The Poor Man’s Gold”’
Silver has always traded in a range that is comparable to gold. The old standard was 7:1. In recent years the ratio has been as high as 90:1. Currently it is closer to 50:1.
Whatever the ratio, silver is a hedge against currency fluctuations, it is a hedge against inflation, and it is an investment that holds its value. Silver is sought the world over for these reasons.
If you think silver is a passé metal used primarily for currency coinage and camera film – think again.
The Demand for Silver will continue to grow.
The views expressed in this blog are opinions only and are not investment advice. Persons investing should seek the advice of a licensed professional to guide them and should not rely on the opinions expressed herein. This blog is not a solicitation for investment and we do not accept unsolicited investment funds