Silver is limited and cannot be created out of thin air. It needs to be mined out of the ground. This is one of the reasons why silver is money and can be used as a currency or medium of exchange. This is despite the fact that some Nigerian scammers will try to convince you otherwise.

Yes, non-redeemable paper notes or fiat money can be created out of thin air by running the printing presses or even by making a computer entry. This is the exact reason why non-redeemable paper notes are the instruments of choice when it comes to deploying the “paper gimmick.” Unfortunately history has proven that the majority of people only realises this when it’s way too late. This is why it’s of vital importance to acquire physical silver while it’s still relatively affordable to do so, especially in the form of silver bullion coins (American Silver Eagles, Canadian Silver Maple Leafs, Mexican Silver Libertads, Chinese Silver Pandas, Australian Silver Kookaburras, Australian Silver Kangaroos, British Silver Britannia and Austrian Silver Vienna Philharmonics).

To really appreciate how limited silver is, you should consider the following: “…on a relative and absolute basis, there is less silver remaining underground than any other important metal” (Friedman’s Theory, Theodore Butler, 24hGOLD, January 2005). Does this sound far-fetched to you? Well, believe it or not, but it’s the truth! Please read a detailed explanation here.

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