Have you ever seen a silver quarter? The are quite a bit different than the quarters we use in everyday transactions today. Modern quarters are made of zinc and copper whereas silver quarters are made of…Well, silver. They are 10% copper as well but the majority of the metal content of a quarter made before 1965 is silver.
As it happens silver is a much more valuable metal than zinc and the price of silver has risen quite a bit over the years in comparison with the United States dollar which has fallen in value. Because of this silver quarters are now worth five to six dollars per coin and sometimes even more if the silver price rises high enough.
It isn’t a sure thing but it does seem very likely that we will see the price of silver continue to rise in the future since the Federal Reserve and the United States government have not changed their course. This is a bad thing given that the course they have been pursuing has led us to the current financial situation we are in right now with growing inflation and a national debt that is impossible to pay off.
Some people really think the debt isn’t that big of a deal but if our government does what past governments have done it will either inflate the dollar until it is worth much less than it is now or it will default on the debt which will certainly bring some economic hardship to many in the United States but is the better choice if they have to choose between inflation and default. Of course you don’t want to tell that to the financial media or your congressperson because they will likely think you are overstating things. If you look at the actual number for things like Social Security and Medicare it is easy to see that there is no need for overstatement just a need for solemn look at our economic future.
