Silver has been used in coinage for thousands of years even more so than gold! Image is a silver coin drachm used in early 400 B.C.
The word silver and money are basically interchangeable in over 14+ languages. So Benny is silver money?
Photography, medical uses, best conductor of electricity, solar panels and demand continues to rise with the increase in technology. The applications in the tech and medical industries are endless.
That is right, due to its antimicrobial properties, silver has been used to purify water for centuries. In early Rome and Greece, silver containers were used to keep water pure. When settlers moved from East to West across the US, they would purify a flask of water by putting a silver coin in it overnight. They would also put silver coins in milk containers to keep them from spoiling.
The bull market in silver is just getting started! Buy silver coins and silver bullion now, don't miss out!
Pre-1965 quarter silver coins contain ~.18 ounces of silver in them. At a price of $20, one silver quarter is worth $3.60, enough to buy a gallon of gas in most states.
According to geologists, there are 17 ounces of silver for every 1 ounce of gold or a ratio of 17:1. The current ratio is roughly 60:1. If the true ratio were reflected in price, considering equals amounts of capital were going into both metals, the price of silver should be $73 at $1250 gold...
As precious metals continue to rise in price, gold is often too expensive for the average person to buy, thus they look to silver.
With only $3-4 billion spent on silver as an investment, this market is a drop in the bucket compared to others. When the move to precious metals as money comes to the public, the price of silver will enter a wormhole into intergalactic space!
All currencies eventually go to their intrinsic value of ZERO. Since the beginning of time this has been true. The question is when will the paper dollar end and when will physical gold and silver coins come back?
All nations around the world are printing their currency to gain an export advantage. Since Bernanke has been chair, he has printed over 6 trillion dollars and currently prints $85 billion/month in his legendary QE3. To infinity and beyond!