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Does the phrase junk silver sound foreign to you? I am not sure how many people have any interest in precious metals at all. If you think that investing in gold and silver might be worth your while.
There is real value in these precious metals and the author of this article does a great job at explaining the value in junk silver.
If you have doubts about the American economy and the American dollar you should be looking into silver and gold investment. The other thing that many preppers and survivalists neglect to tell you is the beauty and the fun of silver investment.
If you are buying actual silver you will be rewarded with great pieces all the time. I am a big fan of silver but I will let you be the judge on junk silver.
What is Junk Silver
Junk silver is a coin that is valued for its silver content more than its actual value. Pre 1965 dimes are a great example because they are 90% silver. This means those coins are worth 10 cents in the eyes of the average person. However, the value of silver is worth more.
Also, if the price of silver were to raise the worth of that junk silver would change, as well.
Why Silver Over Gold
You might be wondering why to buy silver over gold. There are a number of reasons for this.
- silver is more affordable
- It’s easier to use as currency. (1 ounce of gold is worth over $1000)
- silver has a price that is highly manipulated and has much more potential to gain
We just had a bond flash that looked like we could be headed towards another recession. You need an answer for when the US dollar doesn’t matter anymore.