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<p>[QUOTE=&quot;spazmodic, post: 2011624, member: 55417&quot;]The following chart I saw last year answered the question for me.</p><p><br /></p><p>The relative purchasing power of PM&#039;s remains unchanged over a long period of time.&nbsp; For personal reasons, I want to leave my 12 year old daughter something in addition to the eroding value of Dollars, Pounds and Euro&#039;s.&nbsp; (Yes I&#039;m British and I have some of all three).</p><p><br /></p><p>In 1933 Gold was worth $20.67 per ounce&nbsp;&nbsp; ( <a href="http://en.wikipedia.org/wiki/Executive_Order_6102" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Executive_Order_6102" rel="nofollow">http://en.wikipedia.org/wiki/Executive_Order_6102</a> )</p><p>In 1933 Silver was worth $1.2929 per ounce ( <a href="http://www.presidency.ucsb.edu/ws/?pid=14741" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.presidency.ucsb.edu/ws/?pid=14741" rel="nofollow">http://www.presidency.ucsb.edu/ws/?pid=14741</a> )</p><p>Since 1933 the dollar&#039;s purchasing power has fallen 94%</p><p><br /></p><p>Silver may still only be worth $17 ounce, but It&#039;s preserved its value much more than fiat currency.</p><p>So I&#039;m happy to keep buying silver and leave my 12 year old shiny pretty silver.[ATTACH=full]362616[/ATTACH][/QUOTE]</p><p><br /></p>

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