Not everybody is aware that there is a big debate among precious metal investors regarding the importance of silver to protect from the dollar’s demise. We have a similar debate that is better known when it comes to precious metals versus Bitcoin and other virtual currencies.
Many precious metal investors disregard Bitcoin as a proper mean to store wealth and protect from currency crises while at the same time many in the Bitcoin community are not interested in investing in precious metals.
Indeed, I’ve asked that question of who was invested in gold and silver at a recent Bitcoin event and I was somewhat surprised at how few hands raised up.
But this debate among precious metal investors is not known by many and I’d like to bring it up here and at the same time tell you why I personally favor silver over gold, although I think both should be owned in this current environment of dying paper.
Precious metal investors might be grouped in 3 camps: