Denmark has long stood as an economic powerhouse in Europe, and that doesn't show any sign of stopping soon. It's one of the few EU members to maintain its status without agreeing to adopt the Euro, its heavily export-based economy has stayed strong throughout several global market fluctuations, and the Krone is widely known as one of the most stable fiat currencies in Europe.
For precious metal investors, this all adds up to fairly safe silver investment possibilities and a large number of options.
The Economy of Denmark
Denmark's economy is largely based on exports, and it uses a modified European Social Model to create low unemployment rates and some of the highest income equality across Europe.
This export-based economy largely focuses on the production and global sale of chemicals, rubber, and pharmaceuticals. Due to the large demand for these global necessities, and the country having its wealth of natural resources used to develop them, Denmark has been able to weather some of the worst storms on the global market with relative ease.
Besides these highly valuable exports, Denmark also maintains its economic stability via mining natural resources both for export and internal uses.
The Currency of Denmark
The Danish Krone is a long-lived currency that first circulated in 1619. Originally, it was backed by the gold standard, but that eventually changed when Denmark entered a union with Sweden and pegged the Krone to its currency. Later, the Krone was pegged to Germany's fiat currency.
Since joining the EU, Denmark has taken a unique stance on its currency. Most countries that have joined the EU have agreed to adopt the Euro when it is a suitable time to do so. Denmark has decided to stick with its Krone, but the country's leadership has pegged the Krone to the Euro. This means that it will maintain its value and stability against the Euro; a highly stable and reliable form of fiat.
Silver investments aren't 100% necessary in Denmark due to the stability of its fiat and the fact that it's unlikely to change, but they are still great for storing or acquiring wealth as Denmark's silver price frequently fluctuates and raises in price.
Buying Silver in DKK
Purchasing silver in DKK is a fairly affordable way to enter the world of precious metal investments. Silver bullion bars and coins are far more affordably priced than gold, and Denmark's stable economy ensures that that price is reliable in the long run.
Silver bullion bars and coins are the preferred investment of many experienced investors in the region, and like most other cases, it's recommended to purchase a varied stack. However, coins are largely considered the superior option due to the ease of offloading them in the future.
Denmark does have silver mines, and it is possible to invest in the companies running those mines for less direct, high-ROI, investment opportunities. However, these have much higher buy-in rates.
Such investments allow you to invest in workers and the companies running the silver mines instead of the metal itself. That means that, while the company's stock will rise as the silver price rises, there are much higher profit margins.