By Ken Jorgustin – Modern Survival Blog
At the highest level, silver is used in industry, in jewelry, and as an investment (and/or wealth preservation). Together, these three categories represent more than 95 % of annual silver demand.
Silver has been used as a medium of exchange dating back to the earliest of records. It has always been considered to be a form of ‘money’. Even up until the late 19th century, most nations were on a silver standard as to their ‘money’, with silver coins making up the main circulating currency.
The thing is, even though today’s silver coins are not used as national currency (replaced by Fiat ‘paper’), silver is still collected, stacked, and invested by many people as a hedge against today’s modern currency and a collapse thereof. People who know history may also know that EVERY ‘paper’ currency ever created has ALWAYS collapsed. And most critical-thinking people today know that our current system and foundation is no longer on solid ground…