Why you should be happy that silver is down in terms of paper notes..

[SilverStandardMember]

A lot of us probably have bought at least some silver when the price in terms of paper notes and bank deposits was higher than it is today.

Sure we might have tried to risk waiting in order to buy today but many of us did not want to take on the significant counterparty credit risks associated with holding paper notes or bank deposits.  But realistically, how much did we actually buy at prices higher than today compared to our incomes?

Most of us likely receive income in the form of paper notes and bank deposits and for the vast majority this income is not going to change with the changing price of silver.  This means that as the price of silver goes down in terms of paper notes and bank deposits, your income probably went up in terms of silver.  That means you probably just got a raise!  If so I suggest you be happy to secure that extra income by converting some of those paper notes and bank deposits you’re getting paid into cold hard cash AKA silver coin. 

Remember cold hard cash is king; paper notes are not cash, they are not cold, and they sure as hell ain’t hard.  Silver is not an investment it is cold hard cash savings, you don’t make money from holding silver because it is money, you should not seek returns from silver as you have not given up possession of your money there is nothing to return to you.  Never forget that paper notes and bank deposits are not money they are credit and as such they carry significant counterparty risks, they can and likely will decline in value in terms of silver over the long term.    

• This topic was modified 1 year ago by  SilverStandard.
• This topic was modified 1 year ago by  SilverStandard.

[4 ozMember]

Right on the Money SilverStandard!

[Author]

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