Just like Gold Silver is True Money
Silver is true money. Many individuals do not have that thought but the truth is that silver is valuable. What many people consider real money has no intrinsic value. You can't even utilize it as toilet paper. It only has value because our government says it does and calls for us to use it via legal tender laws.
Silver is Unprintable By The Federal Reserve
While it's true 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 increase just that much speedier, instead of having to start up the printing press, the monetary supply can be expanded with a computer entry especially now that we live in a digital age.
When the Federal Reserve produces more money the money you have in your savings bank looses value. 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. Since the Federal Reserve can't create silver like it does paper money and so they can't devalue silver like they do the US Dollar, it is a good idea to purchase silver.
Silver is More affordable Than Gold
I have read that gold is eight times more scarce than silver contrary to what others claim that silver is more rare than gold. No matter what the price ratio between silver and gold is about 60 to 1 at this time. That means one ounce of gold costs is equivalent to 60 ounces of silver. This is the reason why some people think that silver is undervalued. Investing is more easier for the average Joe because of the lower nominal price.
You Have Something of Real Value Just in Case
What I mean by this is if and when hyperinflation ever takes place you will have a real store of value. I am not striving to discourage you into acquiring silver but realize it is a possibility. The internationally renowned investor Marc Faber is convinced it is a 100% certainty that the US will experience hyperinflation though I don't personally concur with this assessment.
As a prudent addition to your portfolio, consider purchasing American Eagle Coins even if you don't believe hyperinflation will ever take place. I have completed my homework and American Precious Metals Exchange is undoubtedly the best price online.