In this post I am going to talk about a very powerful and relevant concept called “loss of purchasing power” that most of us have probably realised but may not have paid much attention to. We are going to look at the loss of purchasing power of currency over the last decade when buying silver bullion coins.
We are going to take a look at how much real purchasing power the American Dollar has lost against real ‘Article 1 Section 10’ money (silver coins) from 2002 to 2012.
As the worldwide economic crisis deepens, governments keep printing more money. This then means that the paper money that we all own is gradually losing its purchasing power as worldwide currencies get deflated.
It is such a great shame that many of us are choosing to save our devaluing paper money with the banks in exchange for a tiny amount of paper money interest in return!
Loss Of Purchasing Power – Video Illustration
Do you think that NOW might be a great time to start saving a little bit of your money into silver? All you need to do is decide to exchange some paper money for silver bullion coins or silver collectable coins (numismatic coins) each and every month.
Historically, this has been his is one of the best ways that you can diversify to help preserve your wealth.
I am writing this post in October 2013. The spot price of silver is just under $22 per ounce. Experts seem to agree that the market signals are so strongly indicating that the price of silver has reached as low as it is going to go.
On the contrary – silver is widely expected to increase in price dramatically over the next few years. Please don’t make the mistake that many people will make and look back in years to come and wish you had started to collect silver now!
Ok – so you’ve seen the powerful loss of purchasing power video – now what?
Well – I guess you will be thinking to yourself “what is the best way to start collecting silver today?”
You have many options. You can simply collect some numismatic silver coins perhaps and or you could collect some silver bullion bars or bullion coins.