Saturday, March 6, 2021

Tag: Doug Casey on Silver’s Many Uses and What It Means for Its Future Price

Doug Casey on Silver’s Many Uses and What It Means for Its Future Price

by Doug Casey, International Man:

International Man: Doug, let’s start with the basics. What makes silver useful and valuable?

Doug Casey: Throughout history, three metals have been used as money: gold, silver, and copper. All share the five qualities of good money—durability, divisibility, portability, consistency, and intrinsic value—but in different proportions. All three metals can be bought for the same reasons as well—each is a long-term store of value, a medium of exchange, and an interesting speculation, at least periodically.