Good morning, Steemians!

I wanted to share some valuable information I happened upon this morning: Mike Maloney's (author of Guide to Investing in Gold and Silver/www.goldsilver.com) top 10 reasons to own silver and gold. Let's see if these are the reasons we all stack, and if you don't stack, why you should!

#1. All fiat currencies eventually go to zero. - Meaning all currencies backed by nothing with go to zero in value.

We see this happening in Venezuela at the moment, it happened in Weimar Germany, Zimbabwe, and has happened in many other countries.

#2. The current state of the global economy is always a problem, and has been for over 100 years. (debt backed system)

#3. The World Has Formed a New Monetary System Every 30-40 Years—And the US is Overdue

Mike states that the average lifespan of fiat currencies dating back since year 1500 has been about 40 years, so the US is long overdue.

#4. Gold and Silver come with a central bank guarantee -

I believe this one deals with inflation. In a desperate attempt to pay off debts, governments will continue to print and print their fiat, causing the price of gold and silver to inevitably rise dramatically.

#5. Everything else is a scary investment

I'm not sure about this - I sure wouldn't put money into the stock market right now, but not everything else is scary... How about real estate? If you get in at the right time, you can definitely make a ton of money in real estate.

#6. Market psychology

Mike states that fear will drive the next gold and silver bubble.

#7. This time it really is different

Mike estimates that since gold's biggest bull market, there will be 100,000 times more currency trying to flood the gold market. (He sources North America and Western Europe being the only parties to flood the gold market back during its biggest bull market, whereas today, if India and China and Russia were to get involved, things would blow up on a huge scale.)

#8. Gold and Silver should buy a whole lot more

Mike speaks about the gold and silver markets being tiny compared to other markets. I really agree with him about this one.

"Gold and silver are tiny markets. On a per person basis, there is approximately $40,000 of liquid financial investments today, but just $200 of investment grade gold.

If 10% of those assets were to buy gold, the price would rise 20-fold! It will take only a small amount of investment dollars rushing into the gold and silver markets to push their prices much higher."

#9. It's all happening at once, and this time it's global.

"For the first time in history, all of the world's currency is fiat, and no fiat currency has ever lasted."

#10. He sleeps better!

Mike speaks about this being a hedge, an insurance, if you will. It allows him to sleep better knowing he's putting his fiat dollars into real monetary wealth. I 100% agree with him on this one as well.

So what do you guys think? Do you agree with Mike on these points? I would say I do, on the whole. Thanks for stopping by! Please leave me an upvote if you found this information helpful.