Many people don't realize that for thousands of years, silver was the world's money, not gold.
Economist Milton Freidman said, "The major monetary metal in history is silver, not gold.
" Archeologists have found evidence of examples of it being used as money dating back over 5000 years! The first mention of silver in the Bible dates back to the Old Testament at about 1800 BC.
In fact, back in those days, it was the only metal accepted as money.
Early colonial America preferred it to gold too.
It was the general legal tender until 1873 when it was demonetized and gold became the metal of choice.
Since then, gold has been considered money whereas silver was thought as something used to make stuff.
Many people ignore silver especially at the current price, when compared to gold.
Since silver is considered more for industrial uses than money, it always seems to get short changed in the eyes of the public.
The great discovery of the Comstock Lode in 1859 was a direct cause of the change in perception of silver as a monetary alternative.
All that silver coming out of Nevada caused a giant decline in value for all silver throughout the world.
Then during the industrial revolution and the onset of photography, the demand for silver began to grow and it caused a conflict in silver's monetary value.
That, in turn, caused volatility in the worldwide silver market.
While silver may not be seen as a currency alternative now, the history of silver as money is solid and will never really change.
As problems with the U.
S.
Dollar worsen, some of the wealth from paper money will go into silver, strengthening its value.
Right now, the ration in price from gold to silver is almost 60 to 1.
Experts believe that there will be a correction soon to bring that ration back down to half of that.
For reasons such as these, I recommend you seriously consider investing in silver for the long haul now.
Economist Milton Freidman said, "The major monetary metal in history is silver, not gold.
" Archeologists have found evidence of examples of it being used as money dating back over 5000 years! The first mention of silver in the Bible dates back to the Old Testament at about 1800 BC.
In fact, back in those days, it was the only metal accepted as money.
Early colonial America preferred it to gold too.
It was the general legal tender until 1873 when it was demonetized and gold became the metal of choice.
Since then, gold has been considered money whereas silver was thought as something used to make stuff.
Many people ignore silver especially at the current price, when compared to gold.
Since silver is considered more for industrial uses than money, it always seems to get short changed in the eyes of the public.
The great discovery of the Comstock Lode in 1859 was a direct cause of the change in perception of silver as a monetary alternative.
All that silver coming out of Nevada caused a giant decline in value for all silver throughout the world.
Then during the industrial revolution and the onset of photography, the demand for silver began to grow and it caused a conflict in silver's monetary value.
That, in turn, caused volatility in the worldwide silver market.
While silver may not be seen as a currency alternative now, the history of silver as money is solid and will never really change.
As problems with the U.
S.
Dollar worsen, some of the wealth from paper money will go into silver, strengthening its value.
Right now, the ration in price from gold to silver is almost 60 to 1.
Experts believe that there will be a correction soon to bring that ration back down to half of that.
For reasons such as these, I recommend you seriously consider investing in silver for the long haul now.
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