Silver is one of the precious metals, and for years it has held a lot of value globally. Be it in Indian culture with silver coins or European culture with silverware at the dinner table – silver has always been a mark of prestige, class and good taste.
But did you know that silver is also a great investment? In fact, in Utah, silver can be legally used to pay debts!
Let us start with how much silver appreciates. In 2009, the 31g of silver cost 14.67 US$, and it reached 31.15 US$ by 2012. That is more than double in just 4 years. With this level of appreciation, silver can be used as security against factors not within our control, like inflation, fluctuation of currencies and deflation. A precious metal like silver stays primarily immune to these factors.
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