If you have been following silver for the past years, you know its history, but here is some insight for those of you that have no clue and are thinking about investing in silver or just started investing in silver and want to make sure that you have made the right choice to do so. (Image by San Diego Shooter via Flickr)
The price of silver in US dollars since the year 2001 has been strongly correlated with the ever-increasing official national debt of the United States. I doubt that anyone believes the national debt will decrease or even remain constant over the next four years. We have every reason to believe that it will increase by well over $1,000,000,000,000 per year for many years. If the national debt is rapidly increasing and it correlates, on average, with the price of silver, then we can be reasonably certain that the HIGHLY VOLATILE price of silver will increase substantially over the next few years.
Silver has been used as money (medium of exchange and a store of value) for over 3,000 years. In most cultures, silver has been used for daily transactions far more often than gold. I have read that the word for "money" is the same as the word for "silver" in many languages.
In the United States silver was used as money - coins - until the 1960s when inflation in the paper money supply caused the price of silver to rise sufficiently that silver coins were removed from circulation. Do you remember silver dollars? They contained approximately 0.77 ounces of silver. Currently the US Mint produces silver eagles which contain 1.0 ounce of silver - and cost approximately $35.
The real reason behind why metals such as silver are going up in price more and more is because of how the government is trying to pay off the national debt. They think by just printing more money all will be fine, but all will not. Doing this just makes the dollar become less value which just pushes us further into the problem. With the more printing of money and devaluing of the dollar, the more metals rise in price and become a hot commodity. This also affects many things such as prices of things that we will eventually be paying more for.
So as you see investing in silver is wise with the history of the economy and the history of silver. To save yourself from the economy, investing in silver now would be wise so that you can get it while it is still cheap.
...Find out more about silver price history Why Buy Silver?
It cannot be stressed enough, but investing in silver is the best way to go with the demise of the dollar and the current economy.
The price of silver in US dollars since the year 2001 has been strongly correlated with the ever-increasing official national debt of the United States. I doubt that anyone believes the national debt will decrease or even remain constant over the next four years. We have every reason to believe that it will increase by well over $1,000,000,000,000 per year for many years. If the national debt is rapidly increasing and it correlates, on average, with the price of silver, then we can be reasonably certain that the HIGHLY VOLATILE price of silver will increase substantially over the next few years.
Silver has been used as money (medium of exchange and a store of value) for over 3,000 years. In most cultures, silver has been used for daily transactions far more often than gold. I have read that the word for "money" is the same as the word for "silver" in many languages.
In the United States silver was used as money - coins - until the 1960s when inflation in the paper money supply caused the price of silver to rise sufficiently that silver coins were removed from circulation. Do you remember silver dollars? They contained approximately 0.77 ounces of silver. Currently the US Mint produces silver eagles which contain 1.0 ounce of silver - and cost approximately $35.
The real reason behind why metals such as silver are going up in price more and more is because of how the government is trying to pay off the national debt. They think by just printing more money all will be fine, but all will not. Doing this just makes the dollar become less value which just pushes us further into the problem. With the more printing of money and devaluing of the dollar, the more metals rise in price and become a hot commodity. This also affects many things such as prices of things that we will eventually be paying more for.
So as you see investing in silver is wise with the history of the economy and the history of silver. To save yourself from the economy, investing in silver now would be wise so that you can get it while it is still cheap.
...Find out more about silver price history Why Buy Silver?
It cannot be stressed enough, but investing in silver is the best way to go with the demise of the dollar and the current economy.
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Are you worried about how the government is going and what you should do? Click here and get some information on silver price history which will give you some information on what is happening
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