Why invest in or own ‘junk silver’?
Why invest in or own ‘junk silver’? Besides the normal reasons for investing in or owning silver coins, junk silver offers the silver investor with the opportunity to buy silver coins at the lowest premiums in the silver market. This for one makes junk silver ideal for the silver investor that wishes to invest in silver or own silver purely to have a play on the melt value of the silver content.
Junk silver can often be purchased for a very low or no premium over the spot price of silver, especially during periods of economic stability. This makes it ideal for the silver investor who wants to invest in or own silver for survival purposes. It’s after all no secret that history has proven more than once that non-redeemable paper notes (fiat currencies), not redeemable in gold or silver, all eventually become worthless. In fact, the history of fiat currency has proven that even paper money or paper currency backed by gold and silver has been open to abuse at one stage or another, the issuer had either started to print more paper notes than the gold and silver available to back it, or replaced it in full with non-redeemable paper notes which can only be used in a debt-based currency system.
When the current debt-based currency system or one or more of the major fiat currencies (USD, GBP, EUR, etc.) crash or collapse, chances are good that silver coins will once again be used as money. Silver coins have intrinsic value after all and have proven to offer protection against hyperinflation, while fiat currencies or fiat currency on the other hand, offers no protection against hyperinflation, because it mostly consist of non-redeemable paper notes and digital money that have little or no intrinsic value. Silver Bullion recommends that investors buy small silver coins and coin silver for survival purposes, especially pre-1965 U.S. 90% silver coins and 1-oz silver rounds. The reason for this is because silver in this form can easily be used as money or to barter for goods and services. You for one don’t want to buy silver bullion bars (silver bars) for survival purposes. If you do, you must be prepared to face the challenges presented by its size in terms of safe storage, security, bartering, etc.