Think of the power and influence of today’s paper American dollar.
How long has it been in circulation? A Few hundred years at most, right?
On the other hand, silver has been a precious element for at least 6000 years and was used as a currency as early as 700 B.C.! Consider the ancient Greek drachma or British pound sterling.
Today, Silver is still held in the same high regard. It is recognized store of value that offers protection from inflation, flat currency debasement and banking system failure. Silver is prized not only as an investment, but also as a critical component in industry and products of many kinds.
Many retirement investors include physical silver in their IRA portfolios as a means of diversifying away risk and ensuring a more stable, predictable financial future for themselves. Many silver coins produced by government mints make excellent choices for inclusion in an IRA account.
Total silver production from pre-history till now is estimated by the U.S. Geological Survey (USGS) to have been about 1,411,475 metric tons.
Remarkably, the United States peaked in silver production exactly 100 years ago. USGS data reveals that the U.S. last hit record production in 1916, when we produced nearly 2,500 metric tons or 78.7 million oz of metal.
In fact, more silver was mined from 1900-1950 than in the entire sixty-five years that followed. From 1900 to 1950, the United States produced 2.8 billion oz, versus 2.7 billion oz from 1950 to 2015.
Experts believe that the best days of U.S. silver production are over for good. The USGS estimates that the United States only has 25,000 metric tons of silver in the ground left to extract.
In addition to its beauty and financial desirability, silver has a critical role to play in many industries. It has inherently unique elemental properties that cannot be duplicated by manmade elements.
• Electronic Devices
• Display Panels
• Membrane Switches
Between 1971 and 1981, the U.S. dollar lost more than half
of its value while silver prices rose nearly five times.
Silver has been “tucked away” by families since time in memoriam as a way of safeguarding wealth in times of societal or financial upheaval. Though most people trust the banking system with a majority of their assets, many see physical silver as a way of have a bit of extra protection in the event catastrophe strikes.
American Hartford Gold
11900 W. Olympic Blvd #750
Los Angeles, CA 90064
The statements made on this website are opinions and past performance is no indication of future performance or returns. Precious metals, like all investments, carry risk. Gold, silver and platinum coins and bars may appreciate, depreciate or stay the same depending on a variety of factors. American Hartford Gold. cannot guarantee, and makes no representation that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell precious metals, and which precious metals to purchase or sell are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgement. American Hartford Gold. does not provide investment, legal, retirement planning, or tax advice. Individuals should consult with their investment, legal or tax professionals for such services.