SILVER... the poor man’s gold.
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SILVER... the poor man’s gold.

Austin : TX : USA | May 22, 2012 at 8:37 PM PDT
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Let's Open This MONSTER BOX OF AMERICAN SILVER EAGLES Together!

Any Texas cowboy carrying $1,000 worth of silver in his saddle bags would gladly have traded that for one $1,000 bar of gold. So would his horse. That much silver was heavier and took up more space.

But the value was the same: $1,000. On the other hand, when it came to buy supplies, all that cowpoke needed was one silver coin. What was he going to do with a bar of gold? You see, that bar of gold was a convenient store of his wealth, that's all.

Get it?

Both precious metals have their place, but let's take a look at silver.

In late December, silver dipped to a 12-month low near $26 an ounce, and traders who responded to the barrage of "buy" recommendations were quickly rewarded as the metal soared to a high of $37.18 just two months later.

Today, silver has pulled back below $29 an ounce, giving investors like us another chance to get more for our money before the metal makes its next move upward.

So, the case for silver prices remains as strong as ever!

The Dollar continues to weaken, inflation remains a concern, silver demand from industry and emerging markets remains strong even as supply shrinks – plus, we're facing growing uncertainty over the outcome of the 2012 elections.

It's a perfect recipe for higher silver prices – most likely even higher than last year's peak at $50 per ounce. Some estimate $60/oz with spikes going even higher, all due to the world's worsening economic climate. For the smaller investor, this typically means one-ounce silver bars or half-ounce or one-ounce silver bullion coins - examples being the American Silver Eagle, the Canadian Silver Maple Leaf, the Chinese Silver Panda and the Australian Silver Koala.

Personally, I prefer so-called “Junk Silver.” Those are shiny nickels, dimes, quarters halves and dollars dated BEFORE 1965, recognized the world over as being 90% silver. In tough times, you’d better believe the folks you do business with will be looking at dates when you hand them your recognizable coins.

Another reason, as a history buff, I enjoy looking at really old coins. To me, it’s fun!

I recently saw a YouTube video of an elderly German woman - a Holocaust survivor - who, when talking about the struggles of those days, mentioned a man nearby - a pharmacist - who, despite so many lacking food and all the necessities, was still able to buy bikes for his kids, feed his family and were able to relocate after the war. How was that possible? Because he’d had the forethought to exchange his currency for gold and silver before things got bad.

I made another silver purchase today. It was better than leaving that money in the bank or holding paper currency in my wallet. Who am I buying from? I found a reputable Texas company that’s proven to be very knowledgeable, helpful, and they send me my silver fast!

Remember, you are NOT buying anything. Neither are you INVESTING in anything. Gold and Silver are merely a store of wealth - a store that actually starts growing the moment you complete the transaction (even when these precious metals decrease in value, they’re still headed upward in value). This is REAL money in exchange for that Play money we’re trying so hard to collect and save in exchange for trading our time and products.

Let me know if you’re interested. I’ll hook you up, as they say.

Every blessing,

Michael Tummillo

miketummillo@me.com

chaplainmichael is based in Stephenville, Texas, United States of America, and is a Reporter for Allvoices.
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