SILVER – Currency For Collapse

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At the highest level, silver is used in industry, in jewelry, and as an investment (and/or wealth preservation). Together, these three categories represent more than 95 % of annual silver demand.

Silver has been used as a medium of exchange dating back to the earliest of records. It has always been considered to be a form of ‘money’.

Even up until the late 19th century, most nations were on a silver standard as to their ‘money’, with silver coins making up the main circulating currency.

   

Even though today’s silver coins are not used as national currency and have been replaced by non silver coins and Fiat ‘paper’, silver is still collected, stacked, and invested by many people. Why? As a hedge against today’s rickety financial systems, modern currency and devaluation thereof.

People who know the history of currencies know that EVERY ‘paper’ currency ever created has ALWAYS collapsed.

And most critical-thinking people today know that our current system and foundation is no longer on solid ground…

 
Here’s a challenge:
After you have purchased your first 1-ounce silver coin such as the Royal Canadian Mint ‘Silver Maple Leaf’, hold that coin in one hand and a $20 bill in the other… While they both are of a similar worth based on today’s approximate silver price (almost $17 at this moment in time), which one feels more like ‘real money’ to you? It’s an interesting thing. The silver coin sure feels more like real money to me…

For the financially preparedness minded, it makes logical sense to preserve some of one’s wealth in a form that has been accepted for thousands of years – silver.

While a reflexive ‘knee-jerk’ reaction from some people might be to say something like “You can’t eat silver, so what good is it during a time of socioeconomic collapse?”, the fact is that there are innumerable hypothetical collapse scenarios – many or most of which are not all-out Armageddon. Silver is simply one way to preserve one’s wealth, regardless of how much or how little…

Post Collapse.
Lets say that the dollar is being inflated away (it actually is as we speak), and enters a period of hyperinflation (which it likely will one day). When that happens it’s purchasing power will diminish greatly. While ‘the system’ holds together during pre-collapse, precious metals such as silver will become highly priced within the inflated currency – thus holding it’s value and very likely increasing its investment value as others pour into the commodity to save their own wealth. In this scenario, silver will have been an extraordinary investment.

Lets say that today’s current paper currency has one day become essentially worthless (post-collapse), and regional bartering has become the new normal during ‘the collapse’. While goods and services are a means of exchange, there’s little doubt that silver too will be a medium of exchange as payment and trade.

Pre-1965 Coins.

A 1 ounce silver coin may become a very high value – requiring the use of smaller denominations of silver for commerce & trade. This will likely include the use of pre-1965 coins (e.g. quarter, dimes) that are 90% silver. Most coins minted in the United States before 1965 were 90% silver and 10% copper.

Tip: These coins contain 0.7234 ounces of silver per dollar face value.

Example: 90% Silver Roosevelt Dimes

You might consider to acquire some amount of physical silver – not only for financial insurance but for diversification and peace-of-mind. You might consider to diversify and convert some of your fiat paper currency into physical silver as insurance against the current system.

Note: One’s own preparedness need to be in reasonable order first!

Disclaimer: GoldenEagleCoin.com is a sponsor of Modern Survival Blog. They are a highly reputable family business in operation since 1974.

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