Why Should I Buy Silver?

Why should I buy silver? Over time Silver and other precious metals have always held their value. We can not say the same thing about our own U.S. Dollar.

One of the best answers is that inflation is destroying the value of our dollar and the government debt is spiraling out of control. However, the problems could be much worse in the near future.

Why You Should Save Your Nickels – Massive Inflation Ahead

What is inflation you may ask? Rather than explain using complicated economic terms and charts I will show you first hand. Allow us to take a time machine back to the year 1960. A used car costs close to $800, a gallon of gas $0.31, a gallon of milk $0.49, and the cost of a new home was a mere $16,000. Reach into anyone’s pocket at that time and you will find something very different than you would today…Real Money.

Our currency has been steadily losing its value over the years. Soon we will be forced to issue new nickels because they cost more to make than they are worth.

A Penny Saved Is… 2 Pennies Earned?

Did you know that the rising price of copper has made pennies created before the year 1982 worth almost 2 cents today? In the year 1982 the US mint stopped creating pennies from 95% copper. Currently pennies are now made with Zinc. What it means is that newly created pennies (1982-2009) hold almost half of the value of a penny. ($ 0.0048) While pennies created 1909-1982 are worth $.018 by based on current copper prices.