![]() Meanwhile, the Argentinean peso and the Paraguayan guarani sank in value. Not only did banks close, but also when they reopened depositors were limited in the amount of money they could withdraw. ![]() Fear of a financial meltdown, which would close banks as in Argentina and Paraguay in 2002, is another.Īrgentineans and Paraguayans who had to foresight to bail out of the banking systems and convert their assets to gold or coin silver were protected. Those fears include the Federal Reserve printing so many dollars that the dollar will become worthless, which is the history of all paper currencies not redeemable in gold or silver. Investors who buy silver and gold for survival purposes fear the worst. 90% silver coins to 100-oz silver bars and 1-oz Krugerrand gold coins. When the Federal Reserve brought inflation under control in the 1980s, much of the silver bullion and the gold coins purchased in the 1970s were sold and the proceeds put back in paper investments. During the ’70s, popular silver and gold investments included any form of silver bullion, from 1-oz silver rounds and pre-1965 U.S. During the 1970s, silver and gold prices skyrocketed in response to price inflation that reached 13%. Investors who want protection against inflation buy silver and gold as inflation hedges. Buying silver bullion as an inflation hedge ![]() One thing is certain, however, Buffett did not buy 129.7 million ounces of silver for survival purposes. In fact, Buffett said very little about his silver investment, even after he disposed of it. However, it may have been an inflation hedge Buffett did not say. For example, in 1998 Warren Buffett purchased 129.7 million ounces of silver for Berkshire Hathaway, a holding company that Buffet heads.īuffett’s silver purchase, which became legendary among silver investors, was probably for investment purposes. Investors who buy for investment purposes look for price increases because of silver’s supply/demand fundamentals. Investors buy silver coins, silver bullion coins, and coin silver for one of three purposes: as an investment, as an inflation hedge, or for survival purposes. Survival Coins Silver coins and silver bullion also discussed
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