Are you having trouble letting go of US dollars to buy physical silver?
Think of it this way… Let’s say that you had two $20 bills. You took one to buy a US silver eagle and wrapped it up in the other $20 bill. You then put them away in a vault.
What would you have 10 years from now?
Well, it’s a certainty that the $20 bill won’t buy $20 worth of anything by today’s measure. This is due to the devaluing of the US currency through all of the quantitative easing (QE1, QE2 etc…). On the other hand, the 1 ounce silver eagle would likely be worth much more than $20 for the very same reason.
I put this post up because it was a question that I answered for a reader. To be clear, one of the reasons we buy gold and silver is to protect from currency devaluation. For many years, gold and silver was currency… and that’s because precious metals have inherent value, unlike a $20 bill… which is a piece of paper.