What is the true value of silver?

in #steemsilvergold2 years ago

Right now I feel that silver is highly undervalued and it has been that way for years. I feel like its true value hasn't been seen yet.

For a while silver has been relatively low. It is a great time to start buying some and saving some for the future. It is real money and it is honestly better than owning fiat currency.

Silver takes a lot of time and effort not to mention money just to mine it, let alone turn it into a coin or a bar. The process takes a while and requires a lot of work. It takes a lot of effort just to get a small amount of pure silver.

Silver has been known to be used in currency for years. I want silver and gold to be used as real currency in the future as well, instead of the inflated fiat currency.

The silver inventories are falling, so that means there is less silver in the governments possession. A big reason for this is because the coinage no longer is made with silver.

The industrial uses for silver is growing. You will run into it every day. The uses for it has been growing and is being used in many things around the world. The more that it is used and the more demand there is for silver, the higher the price should be, theoretically.

Anyways I feel that silver hasn't reached its true value yet, and we have yet to see the real price of silver. It is very undervalued at the moment. I guess only time will tell. We shall see if in the coming years the price of silver will increase. Thank you for reading my blog, and steem on!

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It is vital for medicine. I bought some once with the Royal Mint, just had to sell for personal reasons, but silver is my fave metal of all

I love silver as well. I hope one day it will not be so undervalued.

We the People will "Set" the "Value" of our Silver and Gold Coins... The Melt Value of Silver and Gold will continue to Fluctuate in Value, but no higher than 90% of the Face Values of our Corrected Silver and Gold Coins... A One Ounce Silver Coin will have the Face Value of $10... The Melt Value of One Ounce of Silver may not go higher than $9 per ounce... I hope that answers your question...

There's also a chance Silver may reach a 1 to 1 Silver/Gold Ratio, which will make Silver have Ten Times more Spending Power then the 10 to 1 Silver/Gold Ratio......

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