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SELECTED PRESS RELEASE:
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posted on:
9/22/2011 12:31:25 AM EST
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WHY SILVER?
SILVER, SILVER EAGLES, INVEST IN SILVER, PAUL BARRY ASSOCIATES, BARRY EDMONDS, BEST INVESTMENT, SILVER B
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There are many good reasons to buy silver.
The Federal Reserve is destroying the purchasing power and value of the dollar.
Concerns about the outlook for the global economy, worries about future U.S. inflation because of two quantitative easing programs by the Federal Reserve, and uneasiness with the size of the debt in Western nations has caused many people to seek comfort in silver and gold.
The US debt level is mathematically impossible to pay off.
The US can either default and declare bankruptcy, or they can print their way out of debt, which will lead to hyperinflation.
Currently, the US is printing more and more currency out of thin air in order to pay its current debts.
Nations like China and Russia have started moving away from the Dollar in trade, which signals the end of its role as the global reserve currency.
Silver is real money… a real store of wealth, unlike fiat paper currency.
There seems to be new uses for silver invented every year. Besides a store of value, silver has a second role as an industrial metal, so manufacturing activity can influence its price. When manufacturing starts to increase, silver can see price support from increased usage.
Silver’s use in the medical field has been growing as it is used to purify water and has anti-bacterial qualities. It’s also a good conductor of electricity. While there is industrial demand for silver, the investment demand has been driving prices higher and will likely continue to do so, said David Morgan, independent precious-metals analyst with Silver-Investor.com.
Much of the industrial silver is used up and not recovered.
Silver can be bought in both bullion and numismatic physical versions like gold, can be a store of value, a hedge against inflation and is much cheaper to purchase, giving it the moniker of the “poor man’s gold.”
Because of the familiarity of the American Eagle coin, they are easy to resell.
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