Oddbean

Silver, alongside gold, has been a cornerstone of sound money for thousands of years. Its limited supply and versatility in industrial applications make it an attractive asset. Moreover, its value cannot be artificially inflated by governments, unlike fiat currencies. In the medical field, silver is used in wound dressings and implants due to its antimicrobial properties, reducing the risk of infection. In the solar industry, silver is a crucial component in the production of photovoltaic cells, enabling the efficient conversion of sunlight into electricity. The automotive sector also relies on silver, using it in catalytic converters. As a store of value and a hedge against inflation, silver offers a compelling alternative to traditional assets. Its limited supply and growing industrial demand make it an attractive addition to any investment portfolio. In a world where central banks can print money at will, silver's scarcity and tangible value make it an appealing choice for those seeking a store of wealth. I 🧡 honest money. #gold #silver #bitcoin https://image.nostr.build/7ad86217eeb997da0fa691b441b2413a77e6586190fdd88002e40fcb83f62854.jpg https://image.nostr.build/d8ddb146dd60934bbf9542a2310c48c7588b52492f4d01a6a9ff546373853274.jpg https://image.nostr.build/a0e8b2c96c4e5a418deba34e668678cd8920123b8183b1ce83ef7872651cb47b.jpg

I don't see the value in silver. Yes, there is a limited amount of it, but it will take a few more years to be fully extracted and then I will have a large stock of it. And as a store of wealth? Certainly not. Imagine how much you'd have to have compared to gold. Nowadays, BTC is clearly the number one store of value - you can use gold, art, etc. as a reserve. And as always "don't take my word for it, everyone has their own mind and their own life"✔️

Ultimately, it all boils down to how expensive it is to mine something. We will also reach a peak for easily accessible silver in the next decade. Silver is certainly useful for local trading. For food etc. If you have a lot of assets, then gold and bitcoin is the better choice. A tube of silver ounces never hurts.

Silver has a lower Stock-to-Flow (S2F) ratio than gold, making it a poorer store of value (SoV). In terms of industrial utility and cosmetic purposes, both metals excel in their respective applications.