Silver is the ancient form of money
Silver is not only valued in industry, but for thousands of years, like gold, it has been virtually a medium of exchange that retains its value, unlike fiat currencies. The fact that people today no longer associate silver with money is certainly due to the fact that silver has been abolished as money. Paper money without backing was and is more useful than silver and gold because it can be multiplied at will and adjusted to the dynamics of the economy. Some refer to fiat currencies not as money but as credit.
Unlike the euro and the dollar, silver and gold cannot disappear or appear depending on the current demand. This is because the quantity that exists of gold and silver is a fixed quantity. This also explains the permanent value of the precious metals. Because with them a real achievement can be stored and saved.
Today, we are threatened by the specter of inflation. It is higher than it has been for a long time and prices are rising. Investments in tangible assets, i.e. material goods, such as gold and silver, are suitable as protection against this. The value of silver, for example, has risen in inflationary cycles. Chart technicians see upside potential in silver, because so-called ascending triangles indicate targets quite reliably. And ascending triangles usually resolve between two-thirds and three-quarters of the way from the first peak to the apex line. The consolidation started in August 2020, and the peak will be in May 2022, so the silver price should break out around October or November 2021.
So, there is still time to add a few silver stocks to your portfolio, for example Kuya Silver - https://www.youtube.com/watch?v=GUESJw_lRq8. With the formerly producing Bethania mine in Peru and with historic silver mines in Ontario, Kuya Silver has promising projects.
Tier One Silver also has world-class properties in Peru in its portfolio. These include the Hurricane project, Curibaya, Coastal Batholith and Corisur.
Latest corporate information and press releases from Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/) and Tier One Silver (https://www.resource-capital.ch/en/companies/tier-one-silver-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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