Dollars Will Not Be Enough To Purchase Silver! True Value of Silver beyond Inflation Hedge
You bet yah - silver going to the moon!
The True value of Silver. A day is coming that your dollars will not be valuable enough to purchase real money like silver or gold. Covering the devastating effects of inflation and the current state of the U.S. Dollar. Silver and golds use through history and the ultimate ability to liquidate silver in a crisis unlike the U.S. Dollar.
With thanks to The Silver Report Uncut
SK.
Silver is starting to become a focal point now that Gold and the cryptos are starting to hit new highs @sirknight. Are you a buyer of physical? Was chatting with @silverdragon and he definitely has been purchasing physical, avoiding paper - good piece of his here "https://steemit.com/money/@silverdragon/is-steem-the-silver-of-crypto" incl the comments
Most definitely accumulating @mystidark - my alter-ego is in a position to advise others to do the same - and they are - thousands of ounces per purchase. US$17 dollar silver is ridiculous. Gold will go much higher in the near future too. Believe the cryptos will rise but not certain of which ones. I believe the future of money will be a blockchain / crypto currency backed by G & S. Unless the globalist win of course. I also follow @silverdragon -
us stackers tend to find each other pretty quickly - we can smell it. Cheers. SK.
Hah hoping to join that club soon and yeah I'm starting to see that the potential of a blockchain/crypto currency coming to light is very real. Atleast if the growth remains like it currently has
What's the problem? A one ounce coin is US$17. Buy 1, then buy another.
Yeah fair point - where do you typically buy your silver from? And do you recommend storing it in vault?
Indeed hard to map how it will unfold and when.
Silver is so undervalued it's almost stupid! With cryptos soaring to the stratosphere, silver is looking like a fantastic opportunity again. Unfortunately in Canada, silver maples aren't as cheap as in the US. :(
https://torontogoldbullion.com/1-oz-silver-canadian-maple-leaf-flex-sealed-coin-2017.html
I don't have any silver maples (mainly holding the standard Perth Mint Australian Kangaroo bullion coins) but I have picked up a few of the gold maples - they are a beautiful coin and I picked them up at about 1% above spot here in Australia.
There is a reason why they say (by the light of the silvery moon) because that's were the price is going! Bring it on
Haha - love it @silverbug
Avoid any and all paper silver/gold products. If you can't hold it in your hand, you don't own it. That goes with private vaults as well.
I keep hearing this but I am not so concerned. If an ETF is physically backed and the bars are allocated, I don't really see a concern - and there are a number of benefits to these ETFs too such as storage costs and liquidity. This being said - my associates tend to hold some physically (vaulted) and some in ETFs diversifying the risk. Finally, if you are betting on the absolute end of the world who's going to buy your silver anyhow. Just my opinion @tbg1972. Cheers, SirKnight.
Yup...you have to have it in your possession. I debated with a guy in 2011 who held paper and he argued with me that it was the same thing. Well, as you know the story, silver tanked shortly after and he lost his shirt!! I didn't lose a dime as I just kept holding it and still do. lol
agreed mate very true:)
Thanks for resteeming @richardbruce I will be sure to return the favour sometime. SK.
yep no problem :))))
After silver's history it would feel surreal if it reached such heights.
I have no clue as to its industrial usage potential but I have been blinded by the current system for a long time.