Silver History

Silver has historically possessed the highly valued properties of being fungible, divisible, and transportable, with broad recognition and acceptance. Very few, if any, cryptocurrencies (including asset-backed) possess all of these properties.

Thus, silver has been recognized as a reliable and broadly accepted form of value, storage and payment. It held this position since the origins of coinage thousands of years ago, with units of silver being minted by ancient civilizations. Reliance on silver continued to more modern times when it was used to back national currencies, such as the British pound and the American dollar.

Silver has also served as a safe haven during times of political instability, economic uncertainty and market turbulence as it has been able to retain and increase its purchasing power.

Although gold is also a good store of value, silver is more plentiful than gold and more affordable per unit, making it more accessible to people from all walks of life and more practical for day to day transactions.

Specie {gold and silver coin} is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.

– Thomas Jefferson