Silver as a monetary asset

In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about silver’s monetary role. This interview was recorded on November 15 2011 in Madrid.

Rallo says that Silver used to be a monetary asset in the past and still has a role for lower payments, however, he doesn’t see as strong monetary demand for silver as there is for gold – making it riskier in the short term as shown by its higher volatility. However, if more people decide to put their savings into silver, the silver market would become more liquid and thus more stable.

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