Will Silver Ever Go Up?

Will Silver Ever Go Up

Link to YouTube video >>> https://youtu.be/RK-D8Kmphts


At one point in history, the value of one unit of currency was determined by its ability to be exchanged for another commodity of equal or greater worth in the form of gold or another precious metal.


That is no longer the case. The government determines the value of a dollar bill at any given time. Therefore, there is no upper limit to the amount of money a government can put into circulation. This is because no real value backs this money; it is considered “fiat” cash.

What exactly is “Fiat Money”?

Fiat money” refers to a currency issued by the government but not backed by anything tangible. Instead of having the value of a commodity or some other item behind it, fiat money’s worth is determined by factors such as supply and demand and the stability of the government that issues it.


The central banks of governments have greater influence over the economy when fiat money is used since they are in charge of determining how much currency is issued. However, there is a risk that governments will print too much currency, which might lead to hyperinflation.

Problems With Fiat Money

Attempts to use fiat currency have been unsuccessful throughout history and continue to be unsuccessful now. When governments print money that isn’t backed by anything of value, an economic disaster will surely follow. Even though today’s central banks and governments are ignoring the lengthy history of failing fiat currencies, paper currency was the cause of the collapse of many economies that attempted to introduce fiat currency to trade for goods and services. 


Since fiat money is not tied to any tangible reserves, its value is susceptible to erosion as a result of inflation, and in the event of hyperinflation, it runs the risk of being completely worthless. When individuals stop believing in a nation’s currency, that currency will eventually become worthless to everyone. This is in contrast to, for example, a currency backed by gold; the desire for gold gives it an intrinsic worth in its own right.


Because fiat money is not a rare or stable resource like gold, central banks have significantly more influence over its supply. This allows them to manage economic variables such as credit supply, liquidity, and interest rate levels.


When governments started manufacturing paper money, the notes created were viewed as having the same value as gold.


In principle, anyone with this paper currency should go to a bank or other financial institution, exchange their cash for actual gold, and walk away with it. This became the benchmark that everyone referred to as the gold standard. Initially, governments would only create a certain amount of currency if they had sufficient gold reserves to back it up.


But it was only a short time before people discovered that the actual commodity that backed the currency was restraining them from spending without restraint and that it was highly unlikely that a scenario in which everyone exchanged their currency for gold would ever occur. Eventually, they came to terms with both of these facts. As a result, they started printing additional paper money, which led to the establishment of the fractional banking system.


The management of fiat money almost immediately led to the manipulation of fiat debt, which benefited a select few at the expense of everyone else and brought about their destruction.

Surviving the Inevitable Fall of Fiat Currencies

Individuals and investors seek reliable and secure ways to preserve their wealth and protect against financial uncertainties in an ever-changing economic landscape. Hard assets like gold and silver have stood the test of time as valuable tools for wealth preservation. These precious metals offer unique characteristics that make them essential components of a diversified portfolio. Here are some reasons why Silver and Gold are excellent wealth retainers.

Intrinsic Value and Limited Supply

One of the key reasons why gold and silver are important for wealth preservation is their intrinsic value. Unlike fiat currencies, which derive their worth from the trust and confidence in the issuing government, gold, and silver have inherent value due to their scarcity and utility. These metals have been recognized and accepted throughout history as valuable assets, even without government backing.


Gold and silver are finite resources with limited supplies. Their extraction and production are subject to natural constraints, making them resistant to inflationary pressures. As a result, their value tends to hold steady or even appreciate over time, providing a reliable store of wealth.

Hedge Against Currency Devaluation and Inflation

Hard assets like gold and silver hedge against currency devaluation and inflation. In times of economic uncertainty or when central banks engage in expansionary monetary policies, fiat currencies may lose value due to increased money supply. As a result, purchasing power erodes, and the cost of goods and services rises.


Gold and silver, on the other hand, maintain their purchasing power and serve as a safeguard against the eroding value of paper money. During periods of high inflation, the value of these precious metals often rises, providing a valuable counterbalance to the diminishing worth of fiat currencies.

Diversification Benefits

Diversification is a key principle in investing. Including gold and silver in an investment portfolio enhances diversification, as these assets often move independently of traditional financial instruments like stocks and bonds. When traditional markets experience volatility or downturns, gold, and silver can provide stability and offset potential losses, reducing overall portfolio risk.

Crisis Resilience

During economic, geopolitical, or financial crises, hard assets like gold and silver shine as safe-haven investments. Investors turn to these precious metals to protect their wealth when uncertainty prevails. The historical record of gold and silver as reliable stores of value during crises has solidified its reputation as a form of financial insurance.

Tangible and Private Assets

Gold and silver are tangible assets that individuals can physically hold and store. Unlike digital assets or financial instruments held electronically, precious metals provide security through physical presence. Physical gold and silver ownership can also be kept private, appealing to those seeking financial privacy.


Hard assets like gold and silver preserve wealth by offering intrinsic value, acting as hedges against currency devaluation and inflation, providing diversification benefits, and demonstrating resilience during crises. The historical significance of these precious metals as stores of value and the tangible nature of their ownership make them essential components of a well-rounded and secure investment strategy.


Investors and individuals seeking to protect their wealth and navigate the complexities of the global economy should consider including gold and silver in their investment portfolios. However, as with any investment decision, it is crucial to conduct thorough research, assess personal financial goals, and seek professional advice to develop a strategy that aligns with individual needs and risk tolerance. By leveraging the unique benefits of hard assets, investors can enhance their financial resilience and work towards preserving their wealth for the long term.


So you have decided to buy silver online.

Great choice. Let’s talk about silver.

Silver is exceptionally popular today. Part of the reason for this is the belief that it’s potential for upside value increase is even greater than the same belief in gold. In fact, there is a very good book on this subject entitled: “ Why Silver Will Outperform Gold by 400% in the coming years”. It’s a very scholarly book and quite convincing. Give it a read if you have the time.

Silver Bullion Prices

Mind you, one need not look as far as that book to find evidence of the common belief that silver has great potential for growth in the near future. All one has to do is go to the web or even Youtube and there are advocates of this thought at every turn.

At Durham Precious Metals we believe that silver is an easy choice because it gives a sense of substance due to its lower cost per ounce than gold.

Silver Bullion

Probably 90% of our business is silver sales so this sentiment is fairly unanimous throughout the public. 10oz bars seem to be the most popular. Generic rounds and Silver Maples seem to be the next most popular and 1oz bars a close 4th place. It is our opinion that 10 oz bars and 1oz rounds are your best value as their premium over spot is very reasonable. However, there is no wrong choice when it comes to our silver product line because we try to concentrate on product lines with low premiums anyway.

Silver has always been a form of money. There are those that will argue that silver has been demonetized but we beg to differ. All one has to do is refer to the (CCRA) definition for 999 bullion. It is deemed by Rev Can to be a “ financial instrument”. Enough said on that subject!

Best Place to Buy Silver

From a utility standpoint, silver has somewhere in the neighbourhood of 60,000 industrial uses including painting the backs of mirrors to create the reflective surface to collecting radiation in solar panels. If nothing else, the lack of an above ground supply of silver ( which is relatively new historically) will keep the demand for this metal strong since for most applications there is no viable substitute.

Buy Silver Online Free Shipping

Can you imagine the mayhem that would ensue if all the major electronic manufacturers came grinding to a halt due to a silver shortage? It would be catastrophic to the economy. We believe that this fact alone will be a major driver of support for the silver price when the powers that be run out of tricks in their attempt to suppress the price of silver. And yes, we agree that this practice goes on in plain sight and that the regulators turn a blind eye. Let’s hope justice prevails and that the historic silver/gold ratio returns to its traditional level.

Buy Silver Online 

In the meantime…keep stacking!

So you have decided to buy gold online.

Great choice! Let’s talk about gold then, shall we?

Gold is, and always has been, a favorite of collectors of precious metals. Its 6000-year history of sustaining wealth is unprecedented. The yellow metal has launched wars, bought fortunes and has been a form of money throughout that history. It is one of the densest metals and also one of the densest elements on the periodic table. It weighs in at a density of 19.32 grams per cubic centimeter. Water, by contrast, has a density of 1 gram per cubic centimeter.

Buy Gold Online

Platinum is the densest of the common 4 precious metals at 21.45 grams per cubic centimeter.

People will often ask when gold is the right choice to buy as opposed to other metals such as silver. This is a very common question. There is no easy answer that anyone can give to someone so we always boil it down to practical applications.

Gold Bullion

Consider how much of an investment you are planning to make over-all throughout the course of your precious metals buying.  If you are planning on purchasing, for example, $10,000 worth of metals and then cap your spending then it really doesn’t matter which metals you buy. The volume of the purchase will be relatively small in terms of weight and size. Our main concern and Durham Precious Metals comes down to simple things like , cost of storage, cost of shipping and bulk. We are always trying to help our customers have the best experience as metals collectors.

Buy Gold Near Me

For example, if you were to tell us that you are considering selling a piece of real estate and use the proceeds to buy metals then gold would be our suggestion. The reason comes down to volume and weight at this point. Several hundred thousand dollars of silver would be an incredible amount of bulk at this spend level. Hundreds of pounds of silver would be hard to store practically and would be more expensive to store as well. If you are the DIY type it would also be harder to hide than a comparable dollar amount of gold.

Keep in mind that at the time of this writing gold is about 75 times more expensive in dollar terms as the same weight of silver. That equates to 75 times less bulk per dollar spend. This will make it much easier to hide or store if you are looking at large purchase amounts.

Price of Gold?

If you are only considering a small total purchase amount either of the metals is perfectly fine. The one consideration we always emphasize for small purchase amounts really comes down to personal perception. Here is what we mean. Silver is 75 times more bulky per dollar spend. Obviously, it is going to feel a lot more substantial if you buy $5000 worth of silver and have several hundred ounces to admire than only about 3 ounces. It’s a perception thing at this point but perception matters to people since perception can make us feel a particular way about what we spend our money on.

In closing, gold and silver are both great choices and neither is wrong in terms of their value of utility. They have both had a long history as a store of wealth and that isn’t likely to change any time soon.

Buy both with confidence. Buy Gold Online

We often carry pieces that we don’t list on site so feel free to call us for an up-to-date list.

About DPM

When you consider silver value and gold value, the wise choice is to stock up today. At Durham Precious Metals we make it easy and convenient to buy silver and buy gold online.

For those who are serious about investing in gold and silver bullion, DPM is your one-stop store to buy gold and buy silver, whether it be through our website or our retail store.

Many people want to know where to buy gold and do not realize they can avoid the traffic hassle of driving into the city and visit us at DPM located in Oshawa, Ontario. See our Retail Store page for directions. Our customers are delighted with our competitive silver price. We carry mint direct silver bars, silver coins, gold bars and gold coins.

Make Durham Precious Metals your choice for gold and silver bullion.

Consider a Gold IRA as well