subject: American Silver Eagle Coins : Top 4 Reasons To Buy [print this page] American Silver Eagle Coins : Top 4 Reasons To Buy
Like Gold Silver is Real Money
There's real money in silver. Many individuals do not have that concept but the truth is that silver is valuable. What many people consider real money has no innate value. You can't even use it as toilet paper. Because the government requires us to use them via legal tender laws, these stuffs appear valuable to many. But it is not.
The Federal Reserve Can't Print Silver
While it's a fact the US Treasury does mint silver coins they can't do it anywhere near the rate that they can produce new dollars. To make the monetary supply to expand just that much speedier, instead of having to start up the printing press, the monetary supply can be grown with a computer entry especially now that we live in a digital age .
The money you have in your savings bank looses value when the Federal Reserve creates more money. Because the amount of goods and services don't increase even if the monetary supply increases, that problem can take place anytime. When more dollars are chasing the same amount of goods and services then the price of those goods and services has to go up. This is why it is a good idea to purchase silver because the Federal Reserve can't produce silver like it does paper money and so they can't decrease the value of silver like they do the US Dollar.
Gold is More Pricey Than Silver
I have read that silver is more rare then gold and contrary to that I have read that gold is eight times more hard to find than silver. At the moment, between silver and gold, the price ratio is about 60 to 1. Meaning one ounce of gold costs is equal to 60 ounces of silver. This is the reason why some people assume that silver is undervalued. Trading is more easier for the typical Joe because of the lower nominal price.
Just in Case, You Still Have Something of Real Value
This means that hyperinflation can never be an issue because if that happens, you will have a real store of value. This is not to frighten you so you will not acquire silver. However, that can happen any time. I personally don't agree with his assessment but internationally famous investor Marc Faber believes it is a 100% certainty that the US will encounter hyperinflation.
As a judicious addition to your portfolio, take into account buying silver bullion even if you don't believe hyperinflation will ever occur. I have done my research and American Precious Metals Exchange is certainly the best price online.
Disclaimer: I am not a financial advisor. Thoroughly consider your alternatives before investing. I am a proud associate to the APMEX.
Peter Schiff - Listen to the Guy who Predicted the Financial Crisis.
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