Did you know? Silver has the six aspects of real money in a classical sense.
(1) It is divisible.
(2) It is durable.
(3) It is convenient.
(4) It has utility value.
(5) It cannot be created by fiat. (Federal Reserve Notes)
(6) Used as a medium of exchange and has a store of value.
Did you know that since 1913 the U.S. Federal Reserve Note has lost 98% of its value or buying power? It is no longer backed by gold or silver but backed by the full faith and credit of the United States Government, which would be you and I.
Paper money becomes worth less and worth less, then it becomes worthless!
Federal Reserve Notes are I.O.U.’s and we, the American Citizens are the ones who owe. Would you rather have silver or gold as a store of value or an I.O.U.?
Did you know that it is estimated that there are 2 billion ounces of gold above ground on this planet, compared to 500 million ounces of Silver.
Did you know that the demand for silver has outstripped supply for 20 years? Owning gold and silver is no longer a luxury it is a necessity.
Did you know that in 1933 silver sold for .25 cents per ounce.
1979/1980 it sold for $48.00 per ounce.
In 1993 Silver sold for $3.50 per ounce.
In 2009 it traded as high as $20.00 per ounce (plus 49% 2009). Owning your own supply of Silver Bullion or Gold coins is a wise decision. and a hedge against impending inflation. In todays dollars, silver is a bargain!
Did you know that in 1959 the U.S. Government owned 2 Billion ounces of Silver.
By 1970 their supply had dropped to 375 Million ounces.
Today the government has to buy Silver on the open market for it’s “Silver Coin Program” (http://www.usmint.com)
Between 1990 and 2005 1.5 Billion ounces of silver has been used up.