The argument for gold ownership is relentless and unwavering. Gold is one of the most valuable commodities on earth, and widely used for monetary purposes. Gold’s little brother, silver is not as well respected, but there are compelling reasons to own silver during financial crises.
Gold bugs maintain that silver is not a real monetary metal. This view refers to the fact that the International Monetary Fund cares to track only the gold that nations keep in central bank vaults. Silver is not tracked by the IMF, but when all is said and done, the trade medium used by the public at large is the one that is valuable. Gold investors do have one thing in common with silver investors, though. Both are investing in precious metals as an inflation hedge.
Lack of silver asset tracking could be an advantage, should a global financial meltdown occur. Additionally, silver is readily traded in small amounts for everyday transaction purposes. Silver’s growing industrial demand only highlights its value.
