I've just bought $37,842 worth of silver, or £27,204 if you're from the UK. In this video I'm going tell you why I'm Investing in Silver, and discuss is Inflation rising?

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I've just bought nearly $38,000 worth of silver miners, the reason I've bought silver miners is that they tend to move much more with the price of silver, of course you could go for a Silver ETF or buy physical silver if you wanted a safer option. There's 3 main reason why I think Silver is a great buy:

#1 Inflation Rising
When there's uncertainty in the economy Silver is a great option. Silver is a reaction to events and what happens afterwards. Prices are heading up in the supermarkets and inflation is on the rise. If wages don't keep up with inflation the standard of living falls, as inflation increases so will the price of silver, which makes it a great option to buy.

#2 Supply and Demand
Consumer spending is estimated to go through the rough post stimulus and lockdown, which means more people will be buying everyday items such as electronics, jewelery, electric cars and solar panels among the many products silver is made from. It's also big in anti microbial products which means the price will increase and the demand slows. There isn't a growing supply of silver as miners take a long time to create and with a low price from 2013-2018 there wasn't a demand for more mines. This will also drive the price of silver up.

#3 Silver Price
Silver price could easily reach $65 by next year, thanks to the points mentioned above, this would provide fantastic returns on my investment, and even more so by buying silver miners (more leverage).

Overall silver seems like a really solid investment, against uncertain times and inflation and could provide some fantastic returns.

#silver #silverinvesting #inflation

*None of the advice mentioned in the video is to be taken as financial or investment advice as it’s for entertainment purposes. Some links above include affiliate commissions/referrals.

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