The time to buy silver bullion is now.
Not because its usage in industry is increasing, not because its supply is waning, but because as gold’s little brother, silver is reasserting itself as a store of wealth.
Silver just like gold…is money.
Have a look at the chart below. Over the last ten years, total demand for silver has increased and total supply has met it comfortably.
Yet the price of silver has quadrupled!
Why?
Is it because in this same period, the gold bull has quintupled in price, soared skywards and crashed through price-resistant ceilings that ‘conventional economics’ declared it could never cross?
Is it because the US Dollar, that stalwart of ‘conventional economics’ finds itself in a mire that it cannot break free from?
Is it because silver is now reasserting its true market value and intends to take us all by surprise?
Buying Silver Bullion Is Affordable
Whatever the reason, silver is on the rise and is an affordable investment for all of us.
To buy silver bullion coins for example will set you back less than $50 for 1oz pieces, whereas the same in gold will set you back in the region of $2000 (as of late 2011).
Furthermore the opportunity to buy silver bullion at these prices may not present itself again for a very long time ($30/oz as of late 2011). All other things being equal, the $50 peak reached in 2011, will soon become the bottom.
Why Should I Buy Silver Bullion
When you buy silver bullion, you are buying an asset. Cold, hard bullion feels real in the hand and will always have value.
Conversely, when you buy Treasury bills or bonds or notes, you are buying nothing more than US debt. In other words the government of the United States is making a promise to repay you. A promise?
The US debt is enormous and stands at an unprecedented 14 trillion dollars as of 2011. The problem is so serious, that the US has stood on the brink of having its own credit rating cut from the illustrious AAA rating.
You wouldn’t lend money to someone who owed tens of thousands of dollars to other people and is on the verge of having their credit rating cut, so why would you lend money to a government that owes trillions!
Exactly How Much Is A Trillion Dollars?
A trillion is a thousand billion. It looks like this:
$1,000,000,000,000
Still doesn’t make any sense? Think about this then.If you were to stack a pile of $1000 bills one on top of another, a trillion dollars would be 60 miles high!
Or to put it another way, if you were to lay that stack on its side along a road and drive at 60 miles an hour,…..It would take you more than an hour to reach the end.
Does this look like a sustainable situation to you?
Are you beginning to see why gold and silver have rocketed in the past ten years whereas the US dollar index has plummeted?
Are you beginning to see why you need to buy silver bullion and put financial indepence and control in your hands rather than someone else’s?
If The US Dollar Collapses Should I Buy Siver Bullion?
Many of us make the mistake of believing that governments can’t go under and that the US Dollar will always prevail.
Unfortunately, such optimism is is not backed up by historical fact. The once mighty Roman empire, Islamic empire, British empire and many more all had their day before they started their long decline and fall into mediocrity.
The fact is that the age of the US Dollar is over. No longer does it command the confidence in the markets that it used to. No longer is it seen as invulnerable.
It is only because most of us have grown up in a global economy in which the US dollar ruled supreme that we cannot comprehend how this can be the case.
But it is the case, no matter how terrifying it may seem.
The US dollar, the paper money experiment and the abandonment of the gold standard are innovations of the late 20th century. It is an experiment that is less than 50 years old and is now facing its most dire hour in the wake of the 2008 credit crisis.
Investors, bankers, analysts and even those amongst the general public who are able to use their own judgement rather than follow that of others, are rapidly converging on the notion that the spectre of a US Dollar collapse is extremely probable if not inevitable.
So think twice before you put your faith in the government whole heartedly.
Many hard working US citizens put their faith in the government 80 years ago…..just before the gold confiscation occurred.
And once again, the public put their trust in the government to crack down on the banks in order to ward off any repetition of the 2008 credit crisis. Sure, Obama signed the bill….but who really won out?
The Time to Buy Silver Bullion is Now
Of course the nature of a US Dollar collapse is debatable.
At best we will simply see a phase shift in economic dominance with China rising unchallenged. At worst, we may witness the end of the boom-time, post-war economy come crashing down around us. In such a scenario, the financial debacle of 2008 will have been a mere taster of what lies ahead.
Whatever the case, such crises, instability and risk of soaring inflation always sees gold and silver rise spectacularly as the only tangible investment where people believe they can store their wealth.
Once again, the old money of gold and silver coins will become the new money.