In December, Inger Andersen, executive director of the U.N. That's relevant because climate advocates have called on governments around the world to include green investments in their coronavirus pandemic-related spending efforts. Silver is used in solar cells given its strength as a cost effective conductor of heat and electricity. "What silver has that gold doesn't have: It goes into solar panels," Currie said. Those concerns have taken on greater saliency in the last year as the coronavirus pandemic prompted major injections of fiscal stimulus, as well as highly accommodative monetary policy from world central banks, including the Federal Reserve in the U.S. "I like to say that it's a turbo-charged version of gold," said Currie, global head of commodities research at Goldman Sachs, adding that silver could benefit from more green energy spending down the line.īoth gold and silver can offer protection for investors who are worried about currency debasement, Currie said.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |