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What’s the best speculative asset for 2019: silver or Bitcoin?

Peter Cooper
|
Monday, January 7th

SilverSeek.com Comment Wire

"Silver is a somewhat comparable speculative alternative to Bitcoin. It has been used as money since the dawn of civilisation, albeit as monetary metal not computer code.

In recent years silver has become more of a speculative asset than a currency, although it is also a very useful industrial metal. It’s vital for smartphones and other electronic products.

Between 2000-2011 the price of silver rocketed from $3 to $49 an ounce. That was its biggest bubble since the previous one in the 1970s, which ended at $50 per ounce in 1980.

What other commodity is currently cheaper than it was in 1980? None.

Silver acts as a leveraged play on the gold price as the supply of silver is tighter than gold. So, when the king of monetary metals rises in price the queen makes double that gain.

Therefore, if you reckon 2019 is going to be a great year for the gold price then you should do much better speculating in silver.

Gold bulls are back. There is a general consensus that this should be a good year for safe haven assets like gold because the political and economic outlook is very uncertain and financial markets became highly volatile in the fourth quarter of 2018." 

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