Intrinsic Value and the Final Battle for Silver

Summary: This insightful piece from SilverSeek discusses intrinsic value of silver vs. paper money. Currencies, including the U.S. dollar, have little to no intrinsic value. As these currencies continue to experience difficulty, governments and central banks continue to print money in an effort to satisfy the demands on increasing debt. These fiat currencies are backed by debt rather than a physical commodity like silver. Debt is not a commodity, but rather an obligation to repay. As these debt burdens weigh more and more on the world economy, many governments may turn to silver to satisfy the debts. This could lead to major conflict between banks and industrial users, and completely upend traditional alliances. Read more….