5 reasons to buy silver, if you like or thinking about buying silver, to add to your investment portfolio, or to diversify then you came to the right place. Silver is one of the oldest currencies used dating past the Roman era.
Silver Bullion, Coins and Bars- Silver offers stability. Value may fluctuate, but the actual metal will always hold value even if the dollar went to zero. Not to mention it is in fact REAL money. prior to 1965 America used silver in coins. In 1965 President Johnson approved the coinage act of 1965 which removed silver from circulating coins and authorized that clad coins be used for the half dollar, quarter and dime.
2. silver is increasingly being used in car motors in fact more than 36 million ounces of silver are used each year in the auto manufacturing industry., solar technology like solar panels which use roughly 20 grams of silver per panel. electronics like cell phones and is heavily used in industrial and manufacturing processes.
3. Silver is still “cheap” the all-time high for silver was $50 OZ which happened in 1980 and was re-tested in 2011.Silver is a hedge against inflation since value increases while the dollar value decreases
4. Silver should be more expensive. There is around 15 times as much silver in the earth’s crust as there is gold.
5.The silver price is suppressed. The amount of silver sold forward on comex amounts to more than one year’s supply of silver. Which means the silver being sold cannot be delivered. You can read more on how silver is manipulated here
We hope you enjoyed 5 reasons to buy silver please like and share if you found our article helpful. We continue to like silver since there is only a finite amount available and it’s usually a safe bet while economic times turn bad. Silver can be a cool talking piece when you have company over.
