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Investing in Silver 101 With Peter Krauth

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Tue, November 1, 2022 at 12:00 PMendedReplay
Investing in Silver 101 With Peter Krauth

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Watch the replay and follow the connected company analysis, news, and investor updates for Gr Silver Mining Ltd., Discovery Silver, Silver Stock Investor.

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone and welcome to a [00:10] Speaker 1: 6 webinar. [00:12] Speaker 1: My name is Peter Kraut and thanks for attending. Today we're going to talk about whether and if so how you should invest in silver. [00:22] Speaker 1: So let's just start with silver itself and understand a little bit about what makes it really quite different. So silver is unique. [00:30] Speaker 1: If you look at all of the metals around, both base metals and precious metals, silver is really the only 1 that is both. It's considered a monetary and an industrial metal. [00:42] Speaker 1: That's been the case for, well, industrial metal has been a shorter time, but it certainly has been money for thousands of years. If you go back as far as 5, 000 years in fact, [00:52] Speaker 1: silver was the 1st true international currency. [00:55] Speaker 1: So there are many aspects of silver that make it ideal as money [01:01] Speaker 1: And if you look over those 5, 000 years, it was almost continuously [01:06] Speaker 1: used as money. And it's only in the last 50 years that silver has been removed from our coinage. And today, [01:12] Speaker 1: the currencies that we have that are unbacked [01:15] Speaker 1: by anything of value, really only trust, [01:19] Speaker 1: is an experiment. We've never lived an extended period like that. And unbacked currencies tend to go to their intrinsic value which is essentially 0. [01:28] Speaker 1: So [01:29] Speaker 1: let's move on. [01:32] Speaker 1: Right now official inflation is running [01:35] Speaker 1: probably north of 8%. [01:37] Speaker 1: If you look at unofficial inflation and you [01:40] Speaker 1: consider other measures, it's probably almost double that. [01:45]...