When looking to put away money for the future, many people immediately think of going to the bank to open a bank account. This type of savings account may collect a little bit of interest over time, but even if you were to continue putting money into the account every month, this is very dangerous in the long run, as the value of a single dollar in the United States fluctuates quite a bit over time. In fact, if you were to put away $100,000 and the overall value of the dollar only went down by 5% over the course of the time you spent saving this money, you will still have lost $5,000 from your account by the end of your savings period. Even with the interest that your money collects over time, you will still be taking a loss on the overall value of your money, as the interest that is accrued on a yearly basis usually will not surpass the 5% losses that you have taken.
So, you may be asking what you can do to secure your money and ensure that the overall value of your wealth will not decrease, simply because the value of the dollar decreases. The answer is actually simpler than you may think.
Buying Silver – The Silver Bomb
There are a variety of different reasons why you should invest your money into buying silver, but the largest of these reasons is that the value of silver does not decrease over time. In fact, over the course of history, the overall value that a single pound of silver holds has only increased, as the amount of available silver in the world is constantly decreasing every time an individual decides to build a structure using silver alloy.
Why Buy Silver? – The Silver Bomb
Silver keeps the value that it had when you originally purchased it, meaning that unlike the dollar, silver will not be worth less in the future that it currently is. By simply purchasing silver and keeping it for the future, you will be able to rest assured knowing that when the time comes for you to retire, all you will need to do is sell the silver that you have purchased. It is possible to continue purchasing silver over the years, so for those of you who are looking to save for the future, but you only put back a certain amount a month, why not avoid the bank completely and invest into something tangible?