Silver is the New Gold


With all the bizzareness of 2020, it may be possible that you missed the news that the price of silver is moving rather rapidly upwards. It was sailing along in 2019, just sort of holding it's own at a reasonable price, then BLAM!, covid made it's debut. Prices plummeted momentarily, which was nice in a way. However, facing the uncertain future, investors realized that silver (along with gold and other precious metals) may be the way to hedge against inflation. Another BLAM! moment as prices went up, up, up.
Did you know?

(above:Redneck Feng Shui "Rustica" bangles)

35% of all silver goes into electronic and electrical applications, while only 6% goes into jewelry and silverware!

With electric cars, cell phones and other silver-using applications becoming more and more in demand, silver mining companies have had to scramble to produce. Note the explosion in the "we buy your silver and gold" stores - there's a reason! China has a HUGE demand for silver, and lots of grandma's beautiful silver dinnerware, scrap silver, etc is melted down and makes it's way there.

What is my point? It has been solidly and consistently forecast in 2020 that silver prices will continue to rise. Why not invest in sterling jewelry NOW, as a part of your "hedge against inflation"? Like the Vikings and other ancient cultures, you may be literally adorning yourself with your money!
Shopping small-batch silversmith businesses like mine is a great way to support your economy and to avoid the "mass manufacture" of factory cast work.


(above: Redneck Feng Shui "Rustica" necklace with copper accents)


(above: Redneck Feng Shui "Breathe" chain)

So, two great ways to invest! One is to invest in silver, the next is to invest in local artisans in your home country! It all pays off.

Comments