Posts Tagged ‘silver coin’

Silver Coin Is Trustworthy Money

Wednesday, January 27th, 2010

Throughout history, there has been one coin that has dominated trade and commerce.Silver coin has been used since the earliest trading period as the leading monetary metal.Relatively easily mined, it was malleable and easily divisible.As a result, it became a prevalent currency all over the world

Today, silver coin is still trustworthy money.While most of the coins in circulation no longer have enough silver content to be worth collecting, historical coins were .90% silver, and in some cases .999%.By collecting historical silver coin, you can take advantage of past generations’ emphasis on pure money.

Previous generations had a lot to contend with as they attempted to do business and survive.Geopolitical uncertainty, government interference with the markets, and economic turmoil made it important that the money be of standard weight and quality.Silver coin was trusted around the world because it could be weighed and assayed for quality such that the imprinting governments dared not debase the currency.

This made coin quite different from the paper currencies of the present day.These currencies can be printed up at will, and valued according to a bureaucrat’s whim.Nominally, they are backed by reserves, but it would be impossible to redeem paper bills for pure metals from government vaults.

Instead, you can rely on silver coin from past generations.Build your retirement portfolio on something other than paper currencies and fickle stocks.Stacking your personal vault with silver coin allows you to back up your lifestyle with a bit of currency you can actually trust.

Additionally, should the world situation continue to deteriorate and paper monies pass away for a time, you would have a full store of acceptable coins.Unlike gold or platinum coins, silver coinage is denominated and created in such a way as to be realistically spendable.You could use it for small day to day purchases if the occasion demanded.

Naturally, it will hopefully never come to pass that the current fiat currency completely comes undone.However, as a hedge against all of the uncertainty in the world and all of the governmental interference in the markets, you could do a lot worse than silver coin. Why take chances?Silver coin is trustworthy money, and to protect yourself against the volatility of the future, it pays to invest in the one coinage that has been trusted throughout history.