Silver is about 14 times face value of junk coins right now. So you wouldn't take "a sliver of silver" to the supermarket, but if the dollar crashes, you'll be able to use junk silver coins at their multiple of face value at the time (and they'll skyrocket), to keep purchasing power.
Silver is around $20/oz. right now, and cost of production is about 18. If you follow silver prices, they haven't gone below 18 for years. Cost of production is a floor, IMHO, because if value becomes less, mines simply stop producing until price goes up enough for them to make a profit. And unlike gold, there are a number of critical industrial uses of silver, so there is a steady pressure on supply.
I agree with the others that its more insurance against the declining dollar than an "investment", as such. I'm 65, and don't have time to wait for stocks to recover if we get another crash, or bubble bursting, so I'm looking at preserving capital, not making a lot of investment income. If you don't have enough by the time you're my age, the risk of losing what you do have outweighs the possibility of hitting it big in stocks.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
