Why You Should Buy Silver Right Now

Why You Should Buy Silver Right Now
If your dollars are sitting in the bank, you can bet that over time they will be worth much less than they are today. How does this affect you directly? As prices continue to rise with inflation, the less you will be able to buy with those dollars. Putting your dollars in something whose value continues to increase over time preserves your spending power. Buying silver is one way to preserve your spending power because the price of sliver is on the rise and is expected to maintain steady increases over time.

We found an article published by Porter Stansberry in the topstockanalysts.com which explains exactly why it is a good investment and why you should buy silver right now rather than later.
Why You Should Buy Silver Right Now

Silver is the best hedge against a money crisis because its price will increase many more times than gold as the gold-to-silver ratio reverts to its historic average. Silver will once again be worth 1/16th the price of gold. It is now worth only around 1/54th.
Back in 2006, with gold trading for around $650 an ounce, I set a target at $2,000 an ounce. We’re nearly there. A $2,000 gold price divided by the historic silver ratio of 16 sees the price of silver at $125 per ounce – about four times the current price.
Given this perspective, I hope you see why silver’s move from around $15 an ounce to over $30 in the last three years is only the very early signs of a money crisis. It’s going much, much higher.
Even if you think I’m nuts, it’s still a good idea to hedge your portfolio from the currency risks I believe are very real. You can do so easily and safely by taking a position in silver today.

 

Read the entire article here

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