What is an ounce of silver really worth?on September 12, 2011 at 17:31
Right now many Americans are getting into the trap of drugs and alcohol due to the depression that they face as a result of the weak American economy. People are being forced to endure a lifestyle that the American forefathers have fought so hard to avoid. Aside from the drugs and alcohol, obesity is also setting in. This is because American citizens are looking to food, drugs and alcohol to make life bearable for themselves.
Many people are in a state because they do not know which way to turn regarding their finances. Family members are losing their homes left right and center, and this is causing great concern for citizens all over the country. The challenge is that when people are in this state, they tend to become fearful. Fear is not good as it makes people behave in ways that are not conducive to making good decisions.
This is a great time for con artists as people will follow them and lose what little money that they have. Such con artists will make compelling arguments as to why they should follow their advice, and they will prey on people’s fear to get them to do what they want them to do.
In truth, now is a time for great awakening and embracing a new way of doing things. It must surely be time for people to realize that the current economic system is not working, and that things need to change drastically. It is only at this time that society will be able to move to the next level. Debt is a huge problem that is not only affecting ordinary citizens. It is affecting countries which in turn have a devastating effect on citizens of the underlying countries.
People who accumulate physical silver, both for their own benefit and that of others, are expected to inherit the earth. Silver investors have been the laughing stock for quite some time now, but we are of the opinion that this going to change as more and more investors become aware of silver’s true worth. People owning or holding physical silver are going to have a lot of power in the post dollar era. Mankind will need a currency in the post dollar world, and this is where silver and gold will come into its own. Even the scam artists are going to have to build their pyramids on silver and gold because paper currency (fiat currency) will be meaningless. Gold and silver are going to have all the buying power. Therefore, people who have accrued lots of gold and silver are going to be able to buy anything they wish to buy (if available we should add).
Throughout history, it has been said that 1/10th of an ounce of silver would be sufficient to purchase 12 hours of hard labour. For the most part, Americans have learned how to live on a subsistence level. People who have enough physical silver to buy a fair amount of labor would have been considered to be wealthy in days gone by. Needless to say, this is expected to be the case again in the not so distant future when the U.S. Dollar and other fiat currencies finally collapse.