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Showing posts with label Investing in silver. Show all posts
Showing posts with label Investing in silver. Show all posts

Monday, February 3, 2014

Silver Price Charts and Other Factors Say Now Is Time To Buy

by The Daily Reckoning

The Hebrew word for Silver is the same word that is used interchangeably for Money in the Torah and Old Holy Bible Testament: Silver metal = Kesef (כסף), which also means Money.

Moreover, in all Hispanic countries the word for money is the same word for silver: PLATA.

Since 1000 B.C. to today, the word SILVER is synonymous with MONEY in most countries in the world. Further testament was Stock Market genius of the 1920s, who was right on the money when he said: “SILVER and GOLD have worked down from Alexander’s time…When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory.” – Bernard Baruch, a 1929 and aftermath winner

Silver’s Sterling History

Silver was first mined about 3000 B.C. in Anatolia (modern day Turkey). These early lodes were a valuable resource for the civilizations that flourished in the Near East, Crete, and Greece throughout antiquity. Later, Spain became the capital of silver production. The Spanish mines were the major supplier for the Roman Empire and an essential trading component along the Asian spice routes.

However, no single event in the history of silver rivals the importance of the discovery of the New World in 1492 by Christopher Columbus. This momentous finding and the years that followed reinvented the role of silver throughout the world.