Investors looking for a solid item for investment that can give solid returns can give the precious metal silver and the top silver mines a second, hard look. Though public sentiment and even financiers tend to consider this shiny ore a second cousin to the more glamorous gold, its value over time has remained consistent and even emerged higher, despite market fluctuations, political developments, and economic upheavals.
Given the tremors being felt in the stock markets of the world today, now is an opportune time to consider investing in silver. And with that research comes a diligent study of the top silver mines that you should put on your to-consider list.
To begin with, the Economic Times confirms that, along with gold, silver is considered a safe-haven by most investors. This means that it is regarded as a sure bet even when things might look apocalyptic, which is what is happening given the current tensions between a North Korean government which seems eager to test its nuclear weaponry on its opponents, and a United States presidential administration that is threatening reprisal in the event. Previous to this war of words, the value of silver has been slipping slightly. But it has since rebounded and its value in trading has increased by 0.26 percent.
The Business Insider notes this seeming impending confrontation which has been mirrored by a rise in demand for both silver and gold. It also gives a wake-up call to two possible crises that just might break, and take down a lot of savings and finances with them. The first is the hole of debt that many European Union banks have found themselves in. It now stands at €1 trillion, or more than five percent of the entire international debt, which makes it the largest in the international community, overshadowing other regions like Asia.
The second reason why investors should stockpile on silver is another apparent ‘bubble bust’ that might hit the tech giants. The Business Insider points out that, while brand names like Twitter, Snapchat, and Netflix are posting increasing market shares prompted by enthusiastic investors, solid revenues still have to be earned in order to support this ascent. This unfounded upward motion “cannot last forever” and should the bubble does burst, then silver is a safe solid haven that investors can turn to.
Fortunately, there are mines that are still generating the precious supply of the precious metal. Their existence and success do promise a foundation of security should the worst case scenario happen. Mining.com names a few of them including:
- Saucito, Mexico; 22 million ores produced in 2016;
- Escobal, Guatemala, 21. 2 million also in 2016;
- Dukat, Russia, 19.8 million, 2016;
- Cannington, Australia, 18.24, million, 2016;
- Antamina, Peru, production rose by 17 percent in 2016;
- Peñasquito, Mexico
- Uchucchachua, Peru
- Fresnillo, Mexico
- Pirquitas, Argentina
- Garpenberg, Sweden, 2.5 million tonnes in 2016.
As Business Insider notes, another reason to invest in silver is that federal states are returning it to their financial books as legal tender. That means it is being regarded again as “real money,” and not just a replacement for it when a financial storm breaks out.
Sustainable investments are currently a winning bet
Companies see the coronavirus situation acting as an accelerator of change towards sustainable transitions. Investments with an environmental, social or...
Ethereum, LINK and Ren: Why these 3 Altcoins could outperform BTC
The latest report conducted by Santiment showed that there are three altcoins that could outperform Bitcoin from a short-term perspective....
ARTHEx receives €1.2 million from Cdti and can start the clinical trial
ARTHEx Biotech, specializing in finding new therapies for myotonic dystrophy, has just received a financing round of $1.36 million (€1.2...
The futures markets are still facing difficulties because of COVID-19
World vegetable oils markets were higher last week. Palm Oil closed higher after news of renewed demand interest from India...
Fiscal cliffs and the self-destructing treasury
We are going over the waterfall on the massive fiscal cliff. Meanwhile, the Treasury is compelled to further destroy its...
Crowdfunding6 days ago
Travel agencies resort to crowdfunding to survive the crisis
Business7 days ago
Billions in funding from COVID relief programs now flowing to state, local governments
Featured7 days ago
Conio joins Nexi Open, the open banking services ecosystem of Nexi paytech
Crypto7 days ago
Bitcoin Rally or Altcoin extinction? Top Trader sees gloomy future for ETH, XRP and Co.