What's The Best Move For Silver When the Economy Contracts?
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What's The Best Move For Silver When the Economy Contracts?
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- Silver is not considered a monetary asset by any Central Banks and "once the silver standard exited the world financial system, years and years ago, there wasn't any reason for the Central Bank to hold it because they didn't consider it to be money."
- There is a high doubt that more silver will be bought by Central Banks yet Mexico is considering allowing silver to be in circulation alongside its currency of the peso. Morgan feels that then would Central Banks be buying more large amounts of silver.
- "Gold is unique as it hardly holds an industrial function and yet it is coveted greatly because it has served as a function of money for a very long time," which contrasts any other commodity like silver....READ MORE
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