The federal deficit is currently over $17,000,000,000,000. That's a lot of zeros! Since 2012 it has increased by $2,500,000,000 per day! We are heading into a pivotal point in American history. Future generations will be caught in the middle of this financial crisis. Here are 3 reasons why investing in Silver could be the smartest investment Generation's X.Y.Z. could make during this turbulent time.
#1 - Silver Is Real Money
The US Constitution in Article I, Section 10 states "No State shall... make any thing but gold and silver coin a Tender in Payments of Debts." Many long books have been written about how the history of how the United States has moved away from using Gold & Silver in their monetary system. The reality is that the dollar is currently a fiat currency. The average life span for a fiat currency is 37 years. The United States officially went off the Gold Standard in 1970. Silver has been viewed as real money for 1,000's of years. No fiat currency has ever survived and yet silver is still a valuable commodity.
#2 - Silver Is Still Affordable
For those of us from Generation's X.Y.Z. the financial system is stacked against us. There is less job opportunities for young college graduates. The opportunities that do exist are at a lower salary in comparison to years past. Housing is extremely expensive in correlation to current income levels. Silver is a great investment alternative for young people facing these challenges. A 1 oz America Silver Eagle can be purchased for just over $20 on May 1st, 2014. Junk Silver can also be purchased at an even smaller price. Junk Silver are US dimes, quarters & half dollars minted prior to the end of 1964. In comparison to purchasing a gold, stocks or a house, silver is for far more affordable.
#3 - Silver Is Rarer Than Gold
Strangely Silver is now more rare than Gold. Silver has been used in producing CD's, iPhones, Computers and other electronic devices over the past few decades. The amount that is used is so small that it is not worth the price to recycle it. This correlation of availability to the current prices of Gold & Silver seems out of balance. As the dollar continues to inflate many people will rush back into the Gold & Silver markets and their prices could rise drastically.
As Generation's X.Y.Z. start to build families Silver is an excellent option to hedge against the turbulent financial times that are facing the United States.
The US Constitution in Article I, Section 10 states "No State shall... make any thing but gold and silver coin a Tender in Payments of Debts." Many long books have been written about how the history of how the United States has moved away from using Gold & Silver in their monetary system. The reality is that the dollar is currently a fiat currency. The average life span for a fiat currency is 37 years. The United States officially went off the Gold Standard in 1970. Silver has been viewed as real money for 1,000's of years. No fiat currency has ever survived and yet silver is still a valuable commodity.
#2 - Silver Is Still Affordable
For those of us from Generation's X.Y.Z. the financial system is stacked against us. There is less job opportunities for young college graduates. The opportunities that do exist are at a lower salary in comparison to years past. Housing is extremely expensive in correlation to current income levels. Silver is a great investment alternative for young people facing these challenges. A 1 oz America Silver Eagle can be purchased for just over $20 on May 1st, 2014. Junk Silver can also be purchased at an even smaller price. Junk Silver are US dimes, quarters & half dollars minted prior to the end of 1964. In comparison to purchasing a gold, stocks or a house, silver is for far more affordable.
#3 - Silver Is Rarer Than Gold
Strangely Silver is now more rare than Gold. Silver has been used in producing CD's, iPhones, Computers and other electronic devices over the past few decades. The amount that is used is so small that it is not worth the price to recycle it. This correlation of availability to the current prices of Gold & Silver seems out of balance. As the dollar continues to inflate many people will rush back into the Gold & Silver markets and their prices could rise drastically.
As Generation's X.Y.Z. start to build families Silver is an excellent option to hedge against the turbulent financial times that are facing the United States.
Thomas Kodiak is a Generation X, happily married, father of 3 great kids. His goal is to help the next generation prosper in the turbulent times ahead.
Follow him on Twitter @genxyztk
Follow him on Facebook Thomas Kodiak
No comments:
Post a Comment