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Silver as an unappreciated precious metal

Vol. 24, Iss. 6, JUNE 2018

Received: 3 April 2018

Received in revised form: 17 April 2018

Accepted: 7 May 2018

Available online: 30 June 2018

Subject Heading: Banking

JEL Classification: Е50, E58

Pages: 1339—1349

Parshina L.N. Emperor Alexander I St. Petersburg State Transport University (PGUPS), St. Petersburg, Russian Federation

Subject The article addresses efficient ways to retain savings and considers silver as an instrument for savings protection.
Objectives The aims are to analyze economic literature and to show that silver is an attractive store of value.
Methods The study rests on statistical and systems approaches and employs the economic analysis method.
Results Silver is a dual-use commodity. In the first place, this precious metal is an industrial one; the manufacturing sector consumes the most part of silver. At present, the demand for silver in developed countries exceeds its general primary production. The findings may be useful for the Central Bank of the Russian Federation in its annual issue of silver bullion coins.
Conclusions The current events in the world economy suggest of future serious changes in the existing world order. In the next 5 years, we will probably see a crash of 'debt-based economy'. A sharp increase in the relative cost of silver will be a possible consequence. The owners of 'investment' coins will suffer least of all in the face of forthcoming economic shocks.

Keywords: silver, silver mining, silver reserves, secondary silver, scrap silver


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