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Silver is Money – You Might Want To Get Your Hands On Some At The Current Silver Price Today

What is money? You can trade the dollars in your wallet for silver coins at the current silver price today. So aren’t they the same?. Well, the paper dollars in your wallet do not have all the properties of money. Those paper dollars are actually a currency and because they are no longer backed by a form of money they are a fiat currency.

So what is money?

Money has the following properties.

1) It is a medium of exchange.

It has liquidity and is easily trade-able.

It is easy to transport.

It should have a high value to weight ratio ( like precious metals).

It should be durable.

2) It is a unit of account.

It should be able to be divisible into small units without destroying its value. Precious metals can be coined from barsor melted down again with a low percentage cost.

It should be fungible. One unit or piece should be equivalent to another unit or piece.

It must have a specific weight or measure to be of certified account.

3) It must be a store of value.

Long lasting, durable, not perishable or subject to decay,

It should have a stable value over time.

It should be difficult to counterfeit.

And the genuine item must be easily recognizable.

That’s what has made silver a great money throughout the centuries. And at the current silver price today it is becoming a popular alternative to putting wealth into savings

http://youtu.be/8oJVjWniLzk

So what do you think is silver a bargain at the current silver price today?

I would like to hear your thoughts and feel free to share.

Here is another post you may like – The Indispensable Metal – What Is The Value Of Silver

My mentor Mike Dillard has been interviewing the experts to allow him and others to be on the right side of the greatest wealth transfer in history. Click Here If You Would Like To Listen In and Learn More About The Elevation Group

Buy Silver, A Bargain At The Current Silver Price Today.