The U.S. and the world economies are at a critical crossroads. Due to the Covid lockdowns, money printing, the Ukraine/Russia War, and economies slowing down, inflation will continue to rise. The U.S. dollar as a result will continue to lose its purchasing power. Saudi Arabia is posed to join B.R.I.C.S. and the U.S. dollar will begin to lose its position as the worlds reserve currency and when that happens, the standard of living will drastically decline. It is imperative to begin to hold precious metals such as physical gold and silver to protect your finances. Here are two reasons to why purchasing silver is vital to your financial future.
Reason number one: Silver historically hedges against inflation.
Silver for the past millennium has been a precious metal that is a safe haven for inflationary times. As fiat currency loses its value because it is printed up without any financial backing, silver is a commodity that has dual value. It can be used as money and as an industrial metal. Its value will continue to rise as people move their money out of the crashing fiat currencies and into precious metals over the next few years. With the federal government continuing to print money they don’t have, it will further push the value of the dollar down, creating a flood of people finding safe haven assets such as silver.
Reason Number two: Silver Supply is running out.
Silver has about five years before it runs out. There has only been about 1.6 million metric tons of silver that has been produced historically. The demand for silver is increasing due to the need for electric vehicles and solar panels. There is only so much silver currently above ground and there is currently no new silver mines coming online to mine more silver at the moment. According to estimates, by 2028, the earth will run out of mineable silver.
Over the last year, central banks have been buying up more gold and silver than any other time in history. This is a startling revelation. With banks hoarding silver, it’s an indication that something HUGE is coming in the near future. By the time the general public catches on, the price of silver will be out of reach for the average person. Silver is currently about $25 per oz. Up about 11% for the year. Over the next few years silver is projected to go between $50 per oz and some speculate $500 oz.
