Historically the money of human day-to-day commerce, silver coinage has had a role in nearly every ancient and modern culture. From ancient Greece’s drachma, which contained 1/8th of an ounce of silver to the Roman denarius and the British pound sterling (both designated a specific weight amount of the white metal), silver has been a store of value for multiple millennia.
The word silver literally means money or cash to 100’s of millions of people all over the world:
Silver is a secure and affordable safe haven investment and has earned a place in investor portfolios for the white metal helps people hedge their wealth against fiat currency debasement and systemic financial collapse.
Although silver is scarce compared to many other elements and resources, it is the most plentiful and least expensive of the elements which have earned precious metal status (gold, platinum, palladium, ruthenium, rhodium, osmium, iridium, and silver).
Silver’s natural properties make it…
Source: Visual Capitalist
The next article in our Beginners’ Guide to Buying Physical Bullion will discuss the demand for silver.