In Weimar Germany during hyperinflation, a few ounces of gold was buying hotels...blocks of houses...and large tracts of acreage.
At current silver prices, you're basically becoming your own mining company. You're able to obtain the silver for less than the costs to pull it out of the ground. That window is quickly closing though.
As far as no intrinsic value...it's the most conducive metal in the world. Cell phones, cars, mirrors, computers, solar panels, bombs, and a near limitless amount of products require silver.
At one time prior to the industrial age, the US had large stockpiles. Those stockpiles are now depleted and the USGA is saying easy to find silver will be gone by 2020. The paper pushers have been able to keep the price down on this critical metal for the last few decades, but things are quickly changing as demand is quickly outpacing supply.
IMO, at some point, the door will be slam shut and those not holding precious metals will never be able to get them with fiat dollars.
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
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