"Should I Hoard My Silver?"

This is probably the most frequently asked question we field every day we go about our business. The press and social media is awash with speculation regarding the fate of the price of silver and you will find every form of opinion available to support (or otherwise) your own views on the matter. Silver always trails gold in demand and therefore price, plus of course it is much less scarce than gold. Demand is mostly governed by world industrial output and that in itself it inextricably linked to the prosperity or otherwise of the Chinese economy in particular. Currently the market is suppressed and resisting attempts to get it moving again. The industrialised worlds cycle of boom and bust is currently hovering about 25% of the way up the chart of goodness. It will eventually grind it's way back up (oh and then down again!) but all in good time.

So how does this answer the question - our general advice is to sit tight and wait if you are in a position to do so. If you do not need to convert silver into cash then hold on for the good times to roll again. But, if you need cash in your hands right now and you have silver to sell then the price is reasonable and you have a highly negotiable asset you can sell. This is where we come i of course. If you are in the Plymouth travel to work area, South Hams, South East Cornwall or West Devon please get in touch. We will visit you at the time and place of your choosing and pay you a fair price for your silver, gold, platinum or palladium. No need to trust your precious metals to the postal system - we pay on the spot.

Devon Precious Metals serves Plymouth, Brixton, Plymstock, Plympton, Ivybridge, South Hams, South East Cornwall, West Devon. Get in touch - we will be happy to help!