Daily Reckoning/James Ricards/10-23-2020
“This is why I call silver ‘the once and future money,’ because silver’s role as money in the future is simply a return to silver’s traditional role as money throughout history. In short, silver is as much a monetary metal as gold, and has just as good a pedigree when it comes to use in coinage. Silver has supported the economies of empires, kingdoms and nation states throughout history. Before the Renaissance, world money existed as precious metal coins or bullion. Caesars and kings hoarded gold and silver, dispensed it to their troops, fought over it, and stole it from each other.”
USAGOLD note: As reported previously, silver sales at USAGOLD have been consistently strong all year. To be sure, investor interest began to heat up even before the pandemic became an urgent matter based on the perception that it was cheap when compared to gold. That interest and perception is still present today. Some investors take delivery of their silver orders. Others – particularly those taking a larger position – open depository storage accounts. If you see the current price lull as an opportunity, we can help you confirm your order quickly over the telephone (1-800-869-5115 x100) or through our Online Order Desk.
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