3 Reasons Why Silver Should Be your #1 Investment!
Silver is has been around ever since god created earth and has been used throughout time as a currency and a way to make electronics and other products. It is a necessary resource that can't afford to be undervalued for much longer, and will explode in the near future.
Being a silver investor at 14, I have learned a lot. And one thing that I have been doing was buying consistently, regardless of price, because silver is way undervalued as of now. It is something you should buy now before it goes sky high in price.
Numbero uno!
Silver is used in practically everything and we can't go without it! Silver has many uses and is used in many things that you are probably using right now! It is used in computers, televisions, cell phones, cars, and many other electronics or mechanical objects we need for everyday life. Silver is a great conductor, which makes it valuable. There is a demand for it. Human beings rely on it...And there is only so much of it on earth.
Number two!!
Fiat currencies around the world are failing! Once the fiat currencies of the world begin to fail, we will be forced to return to a barter system to keep an economy going. These primitive systems will most certainly be run on silver and other precious metals.
Number 3!
The industrial use for silver is growing exponentially! Industries are producing new products and ideas that require the use of silver..which means there's more demand for it, which means that the price will most likely go up in the near future. Silver has many rare and valuable characteristics, and due to these rare characteristics, the number of industrial applications for silver has skyrocketed. In fact, industry now gobbles up more than half of all silver demand.
Anyways, that's all folks!
My favorite silver piece!
Fine for limited local barter, but good luck paying for that drone order from Bangood in China with silver, or gold. Crypto and the block chain is the future of everything.
Both investments are good in my opinion because one is tangible and reliable and the other is revolutionary. I think it is best to invest in both to have a diverse nest egg...
Yes, and I DO!!!
Silver is the best TRADITIONAL Investment by far!
I am heavy into Crypto now, but I already had lots
of Silver, and it is also my Exit Strategy from Crypto ;)
(not an total exit, however!)
SILVER is EMP-Proof, whereas the blockchain is not :(
right on!!
"Once the fiat currencies of the world begin to fail, we will be forced to return to a barter system to keep an economy going."
Why wouldn't people just use cryptos like bitcoin? Precious metals are very impractical for the average person when it comes to storage and security. Cryptos are much more convenient for transactions, especially cross-broders transfers.
True, but crypto isn't really a physical investment and let's say that there is a cyber attack or something like that and all of your cryptos aren't accessible anymore, what the hell are you going to do? That is what makes silver so valuable is it is used in most things like electronics, construction, even some electricity conducting clotheing, etc. It is an asset you can hold.
IF there is a cyber attack of such severity that the entire internet is shut down, precious metals won't save you. You would only be able to barter with those in your surroundings.
In that kind of scenario, canned food, ammo, alcohol...etc, will be usefull and practical.
The other "issue" with precious metals is that the supply is not limited and quantifieable like it is in bitcoin. There is always new silver being mined and nobody can predict the rates at which this supply comes into the markets.
I agree that silver is better than fiat, but it's just not practical in our digitized, global economy.
My 2 Satoshi.
They will save you. You can build and engineer with silver and create things like radios and communication devices from it, or use it to conduct electricity. And with a value like that, silver can be bartered and will be worth something if something like a cyber attack or an economic collapse were to happen. It has uses.
I agree that silver has its uses - no argument there. I'm just saying in a collapse scenario like the one you postulate in your post, you will have to first secure your silver from thieves and gangs.
If you want to know what kind of world you would be looking at, watch The Road, starring Viggo Mortensen.
I've seen the road, great film, and that scenario is why you buy guns and have a place to hide your silver.
14yo schooling a tech wizard ;)
Like you, I am in BOTH Silver (& Gold) and CRYPTOS!
Cryptos can make a comeback after a collapse, IMO.
But it might be a while, depending upon the Type and severity of the collapse. Certain pure Economic Collapse scenarios are very very favorable for BTC and other cryptos, but PMs will also rise wildly in most of these. Again, I am heavy into BOTH. But most SHTF, TEOTWAWKI and WROL scenarios heavily favor PMs. My "preps" for any and all collapses are weighted thus:
Silver is also being used for medical reasons and it's also in clothing and as far as a conductor it's the best out there, cheers
I agree...hope it all comes true
Made a post about my first time buying silver. I'm already addicted. I want, and will get more!
This post has been ranked within the top 50 most undervalued posts in the first half of Aug 17. We estimate that this post is undervalued by $18.79 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 17 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
100% vote for 100% correctness and 100% amazement that you get it at such a young age... humanities future needs you and young ones like you.
thanks!
So true i was just arguing with my friend few days ago about silver how it's undervalued, you sad it all totally agree just don't understand why no more upvotes for this post people get more greedy with that upwote thing!
From reading some of your posts, I can see you have great insight and wisdom for a 14 year old...I wish I had your drive and curiosity when I was your age. Since it's obvious you are on a very good path to great rewards, I will only remind you of the old saying "don't keep all your eggs in one basket."
Welp, thats why I invest in crypto as well as silver...diversify
Silver is not only 'poor mans money' but you can make Colloidal Silver out of it with proven health Benefits:
(source: https://draxe.com/colloidal-silver-benefits/)