Despite silver's intrinsic properties as 'money', silver began to lose its status as 'money' starting in the late 1800s, as nations stopped using silver, and started using only gold as money.
Over 100 years of this 'demonetisation' has caused a serious drop in silver's value, and this trend is about to be reversed as investors re-learn that silver is a great store of value because of its intrinsic properties.
As paper money continues to waver, the neglect of silver's use as money will end. Once again, silver will be valued based on other measures of value, such as a day's wage, or a ratio to gold. If silver exceeds its historic value, then perhaps a silver dime, a silver quarter, or a silver dollar will be worth far more than a day's wage, as it once was.
Will you be hurt if silver and gold prices rise? Not if you own some. Remember, honest weights and measures in commerce produce prosperity. But you must act to benefit from this information.
Don't wait for silver to rise before buying it. Silver prices could rise by over $20/day to exceed $100/ounce at any time if large funds or billionaires buy with desperation.
Image: A diamonds and silver tiara given to Britain's Queen Elizabeth II on her wedding day 20 November 1947 by Queen Mary | Photograph: David Silverman/Getty Images
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