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POSTED ON August 22, 2017  - POSTED IN Key Gold Headlines

Silver is generally treated like gold’s little brother, and tends to get lost in the shuffle. But a recent Business Insider article listed five good reasons to buy silver.

Like gold, silver is money. It’s historically been a good safe-haven investment and a hedge against inflation. But it also serves as an industrial metal. Silver is used in energy production, computers and electronics, and the biomedical industry.

As Peter Schiff pointed out in a video last month, silver is extremely undervalued right now. The current silver to gold ratio stands at 75:1. This means you can buy almost 80 ounces of silver with one ounce of gold. Consider that the historic average ratio is around 16:1.

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