Did you know that silver prices have been on the rise for the past 10 years? That's right. Since 2000, the silver price has gone from about $3.50/ounce to almost $19.00/ounce.
With all of the money printing going on in Washington, it's no wonder that the gold and silver prices have been on the rise. Gold and silver are the oldest forms of money, besides bartering items, that have been used as a means of exchange for goods and services.
Now that the Federal Reserve and other central banks have been pumping the economies full of paper money, the value of our dollar and other currencies around the world are falling.
You see new articles every day talking about a dollar devaluation and a Weimar, Germany style hyperinflation if the governments don't stop inflating the currencies.
The U.S. dollar is especially targeted because it is the reserve currency of the world so if it falls, then all currencies will fall. What does gold and silver have to do with a dollar devaluation?
It's simple really. The dollar used to be backed by gold and silver until 1971 when President Nixon took the U.S. off the gold standard. You used to actually be able to exchange your paper dollars at the bank for gold or silver that was kept on deposit.
Paper dollars were simply issued as a receipt of deposit because they were much easier to manage. Today, the only thing keeping the dollar from falling flat on its face is the faith that people put in it.
When governments print excessive amounts of money like the U.S. government, it's known as inflation. The more they print, the less your paper dollars are worth. It's really that simple. To hedge against this inflation, people exchange their dollars for gold coins and silver coins.
For over six thousand years people have turned to gold and silver as a hedge against inflation. This bull market has been under way since 2000 and is expected to go for another 8-10 years.
Silver is really the choice for most average investors since it is affordable. Most people can at least afford to buy some silver. According to many economists, silver is the most undervalued asset out there today, and at $16.00/ounce it is a huge bargain.
Many economists are expecting the price to go well over $100/ounce due to the massive investor and industrial demand along with government inflation.
If you are like many investors and don't have lots of money to buy a lot of silver, do the next best thing. Join "Silver Snowball" and earn free silver. It's really easy to learn and you can start earning beautiful American Silver Eagle coins minted by the U.S. Government.
Even if you are not interested in the "Silver Snowball" program, for your financial future it would be of interest to you to at least inform yourself about investing in gold and silver.
God Bless.
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