HISTORY: Traditionally, silver has been used as a medium of exchange and backing for financial institutions across the world. US history shows that the Founding Fathers supported this standard; in the US Constitution it states: “No state shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Shortly thereafter, the Coinage Act of 1792 made one dollar worth 371¼ grains of silver which is approximately .77 troy ounces. Up until 1971, the US relied on the gold standard to back the US Dollar and insure the legal tender printed amount.
USES: Silver is the most electrically conductive element and the most thermally conductive metal. It is used in a variety of applications such as batteries, bearings, photography, electronics, solar energy, medical applications and water purification. The demand for silver in industrial use will continue to increase as countries around the world use up their stores of silver. If every person in the United States alone bought just TWO ounces of silver, it would almost completely use up an entire year’s worth of mined silver. The demand for silver is ever growing as new uses for silver arise daily, and as a result, the silver supply is becoming more rare.
INFLATION: Since going off the gold standard, the dollar’s worth has devalued and Americans are stuck with a fiat currency that buys less every day. To make matters worse, the U.S. government’s quantitative easing efforts have put the national debt over $16 TRILLION. This graph illustrates what the price of silver has done from 2001-2011 compared to the dollar.
ECONOMIC HEDGE: Silver investing is a sound way to protect your financial assets against depreciation and loss. As history has proved, precious metals can be used in place of current monetary currencies to barter and trade with as tender. Precious metal investing helps to protect those things that we value most.
WHY BUY FROM QUALITY SILVER BULLION?: If you have further questions about investing in silver, please contact us! Quality Silver Bullion has been in business for over 13 years and is accredited by the BBB. Our precious metals are guaranteed for purity and weight. We provide timely shipping all over the country and are committed to customer service. Visit our website www.qualitysilverbullion.com to hear our customer reviews and learn more about precious metals! Come see how easy it is to invest in Silver.