Over $US20 a troy ounce and rising!
Long before silver was being used in your smartphones, television sets and ipads – silver was money, just like gold.
Countries over the world have implemented various types of silver monetary standards, at various stages throughout their history. In fact, the US was still using 90% silver coins up until 1964 and 40% silver in their coins until 1970.
Today silver seems to be used for everything but money. Electronics. Solar Cells. Jewellery. Antibacterial clothing and medical equipment. Water purifiers.
However, there is a devoted group of conservatives, called Silver Stackers. Us Stackers believe that one day the world will return to ‘Good Money’ and that silver will have a large roll to play in this. Because unlike paper currency –
You can’t print silver!
And it is relatively scarce – just as money is meant to be.
Today us stackers have cause for celebration. The spot price of silver has finally broken $US20 – the first time since 2016.
Of course, if you are wanting to buy physical silver, expect to pay a lot more than $US20. However, it is certainly nice to see the futures price catching up to reality.
As a part of your Financial Awakening – I suggest you learn all you can about silver.