Tuesday, January 18, 2011

5 Reasons Why Silver Will Outshine Gold in the Long Run

Silver was the first metal to be used as a currency more than 4,000 years ago. For millennia, silver has been viewed by the world as a form of money and as a store of value. For centuries, monetary systems around the globe relied upon the silver standard as an economic unit of account. According to Nobel Laureate and world-renowned economist, Milton Friedman, “the major monetary metal in history is silver, not gold.” Because silver is more reasonably priced, and therefore more accessible to the common man, it has been called the “poor man’s gold.” It has been said that “Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”

No comments:

Post a Comment