1 Timothy 6:17 – “Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living Yahweh”
You Need Silver: Not Dollars
The dollar is set up for long-term depreciation as the world drifts toward de-dollarization. Thus, you need silver and not dollars.
While the US isn’t the economic powerhouse it once was, it remains dominant in terms of reserves and trade.
China, have undercut America’s economic power. The world sees this for sure!
That is eroding the power of the once-mighty greenback.
Other countries do not want to rely on the dollar as much as they have in the past.
Keep in mind the extraordinary amount of money printing by the Federal Reserve has also undercut faith in the US dollar.
A lot of our growth has been based on fiscal spending that has been financed by the Fed buying the debt of government.
If you had dollars and 9% inflation, this year you lost 9% of your money.
The Fed balance sheet has exploded due to quantitative easing, a polite way of saying ‘money printing.
A lot of investors and central banks are looking for an alternative to the dollar.
Conclusion
There has been a significant increase in demand from central banks to replace dollars with silver and gold.
Gold and silver will go up and the dollar will go down.
You avoid that counterparty risk when you hold silver or gold.
If you possess physical metals, you don’t face that risk. You also have the potential for appreciation.
This year precious metals will appreciate versus the dollar, and also over a three, five and 10-year basis.
Silver and gold have both been around for over 6,000 years! This is a fact.
Why we are not using this instead of fiat currency is concerning? Silver and gold are tangible assets.
You cannot print silver or gold and this could be the reason government does not want to use it.
They could actually be controlled or worse limited with their spending.
Everyone is responsible for their own choices. Money is silver and gold.
The only money that endured centuries are precious metals.
People and central banks are using worthless fiat to purchase gold and silver.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
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One little bit of preparatory work magnifies the chance of survival in a collapse.