게시됨: 2019.10.30. Analytics: the revival of gold and silver

Analytics: the revival of gold and silver - 보기

Since the unlinking of the American dollar to gold, we have been living in the framework of a unique economic experiment of fiat money, which is not backed by anything. As a result of this, we have a global economy that is mired in debt, and the central banks are taking measures to save the debt system from collapse.

The history of gold and silver, which has a minimum of 5000 years, shows that they were able to survive all previous crises as a means of payment, as well as as commodities with different fields of application. At the same time, with the development of modern technologies, the role of precious metals continues to grow. This is due to the unique physical properties of metals, which for this reason are used in electronics, medicine, solar energy, automotive, logistics, and, of course, in the jewelry industry.

For some countries, silver mining is of strategic importance. This precious metal has wide industrial applications, even more than gold. Not least because of its affordable price. Silver, like gold, is actively accumulating in the reserves of the Central Banks as a protective asset and a means of diversifying international reserves. The demand for silver from the Central Banks will amount to 17.4% of the global total.