Silver Snowball is Money
Silver is Money
The overall status of the world's economy is worse that it has been in its history. The meltdown of 2008 was bad and sent the global economic structure into a funk but there is a fear and a notion that another recession could come and it could be worse than it was before.
With the unrest in the Middle East which is sending oil prices skyrocketing and the the US dollar falling all over the world, the outlook is one that will see people turning to precious metals and it could very realistically be one day that silver is money.
Eric Sprott is one of the world's leading investor's and investment strategists and he says that he has been forecasting the day when the world's silver supply will go away and people will look towards the investors who have stockpiled silver.
Sprott says that he a handful of other investors along with the silver exchange traded funds own the majority of the silver in the world which means that is very little silver left. Sprott says that when you have the chance to acquire silver you need to be bullish because it is coming to a day when there will none left.
Sprott says that the time is coming when silver is money. While the vast majority of silver is being used for industrial uses, people these days are looking at silver as monetary instruments.
Sprott says that silver is money because it has monetary value. He says to look at it as a form of savings for when the day comes that it could see a lot higher prices than it is today but also a time when silver could become money.
The realization is there and when the silver supply is gone and the dollar is worthless, people will without a doubt start believing that silver is money.
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Silver has striking demand embedded in segments as varied as imaging, nanotechnology, electronics, jewelry, coins, superconductivity and water purification. Thus, silver has crossed the mark of a precious metal but is now an artistic metal or an industrial metal.
Silver is vital metal that helps to improve the quality of our lives.
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