This is sort of an awakening post to people who don't collect silver and people who do mildly. Currently, the silver price is really undervalued. Right now is a great opportunity that you should take advantage of. It's like buying ethereum back when it was like $10, it's a steal!! The price is going to skyrocket, and heres why...
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Now, the price of silver is going to skyrocket for many reasons. Heres a few of them:
(1.Silver is used in practically everything and we can't go without it!)
Silver has many uses and is used in many things that you are probably using right now! It is used in computers, televisions, cell phones, cars, and many other electronics or mechanical objects we need for everyday life. Silver is a great conductor, which makes it valuable. There is a demand for it. Human beings rely on it...And there is only so much of it on earth.
(picture of colorado silver mines)
image credit: google.com
(2. Fiat currencies around the world are failing!)
Once the fiat currencies of the world begin to fail, we will be forced to return to a barter system to keep an economy going. These primitive systems will most certainly be run on silver and other precious metals.
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(3. Silver is a hard asset!)
Silver is a currency or something of value that you can hold, and isn't digital. That means the government can't cease it, which makes it that much more valuable.
(4. The industrial use for silver is getting bigger and bigger!)
Industries are producing new products and ideas that require the use of silver..which means there's more demand for it, which means that the price will most likely go up in the near future. Silver has many rare and valuable characteristics, and due to these rare characteristics, the number of industrial applications for silver has skyrocketed. In fact, industry now gobbles up more than half of all silver demand.
image credit: google.com
(5. The supply is lowing)
Since the supply of silver is lowering, that means that there will be more demand for the product. Supply and demand. That's how it works. And the more demand, the more expensive the price will be. As you might be aware, the silver price crashed after peaking in 2011. Over the next five years it fell a whopping 72.1%. As a result, miners had to scramble to cut costs to turn a profit. One of the areas cut dramatically was exploration and development of new silver mines.
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Summary
Buy silver before it's too late, bud!
