Silver: Lowering Your Exposure to the US Dollar
Inspired, InSpirit Publications
ERIN N. SIMON
November 10, 2020
The US Dollar has lost significant purchasing power since the inception of the Private Federal Reserve Central Bank in 1913. The purchasing power of $100 in 1913 was $100. In 2019 the purchasing power of that same $100, now only has the purchasing power of $3.87. Yes, our debt note (US Dollar) has lost 96% of its purchasing power.
How can we combat this? By lowering our exposure to the dollar. Silver is an affordable means to convert your ever declining fiat currency (US Dollar) into a hard appreciating asset. Silver is currently $23-$25 per ounce and is affordable to purchase in volume.
The US Dollar is scheduled to lose an additional 2-3 percent per year. This is a consistent loss of purchasing power. Silver is up 32% against the dollar just this year, in 2020.
The increase of printing dollars reduces scarcity significantly. This means there is too much availability of dollars. When there is too much of something it is no longer special or valuable. With the increased use in almost every industry and J.P Morgan Chase being the largest holder of Silver in the world, the scarcity of silver is increasing daily. This is the time to start collecting it and watch the exponential growth in value.
Every fiat currency ever created has always reverted to its inherent value of zero. Fiat is a currency without intrinsic value. It derives its perceived value from government mandates and laws as the medium of exchange. The average life span of fiat currency is about 40 years. The dollar is currently 240 years old and on life support. There is no record of a single fiat currency that has held its value over the long term. Silver has been around for over 6,000 years and has the intrinsic value of scarcity. This is one of the most important characteristics that money should hold. The scarcity of silver is ever increasing making it a great choice for investing. The exponential increase in value is happening now and will continue.
Now is the perfect "Buy Signal" to begin collecting silver on a consistent basis. This could mean purchasing some constitutional silver, silver rounds, bars, plate, bullion, or Numismatic MS 70/PR 70/ PS 70 coins once a month, every month. Silver being a hard asset is also a great tangible item that can be passed down from generation to generation. How do you begin? By purchasing just one ounce or more every month and staying consistent. Remember, like any investment portfolio, you want to diversify, diversify, diversify. From your Constitutional silver all the way up to the Highest Asset Class of Silver, Numismatic MS 70/ PR 70/ PS 70 coins. Start now! Need help? I am just a comment away...
ERIN N. SIMON is a writer, blogger, and visionary in raising the conscious level regarding wealth within her Community. One of her passions is to raise the level of Wealth Awareness with as many people as possible. In 2013, She and her husband started Inspired, In-Spirit Transformation. They have recently started a Publishing Company called Inspired, In-Spirit Publishing which have multiple published books on their shelves, four of which are Erin's; Interruption: Shae's Search, Interruption: Interlude & The Series Finale Interruption: Alter Ego, & Undercover & Under The Covers: Starring Detective Aja Anderson. Her husband has a company known as GS Investments in which financial freedom is gained one investment at a time. She currently resides in Mexico City with her husband and four handsome sons...