For many investors, purchasing silver coins can be a solid investment. It can serve as the perfect way to diversify your portfolio. Figuring out whether you should hold silver coins can be a difficult decision to make for many people that want to purchase silver coins in Baytown, TX.
Why is silver seen as a valuable commodity anyways?
You might have had this thought recently as you were searching for silver coins for sale in Baytown, TX. Why are silver coins valuable anyway? It might seem strange to think about because we have always perceived silver as valuable, even as children in some cases. Some people in the Harris area like to argue that silver has no intrinsic value and that it is merely our barbaric thing that holds no value like it once did in the past. Many people in Texas like to argue that silver’s only value is in making jewelry and that we should only value paper money instead. However, while many countries’ economic systems have collapsed, silver has always remained. Here are some of the many reasons that silver, from an elemental perspective, has always been a valuable form of currency:
In a post-apocalyptic world, silver would be the object for exchange because of its sustainability factors. If a disaster were to strike, and our paper systems were to break down, silver will always be there as a sustainable method for currency exchange. It is one of the only substances on Earth that meets all the criteria for a good currency.
People will always argue that silver has no intrinsic value. However, you could make this argument with any form of currency exchange. The only way a currency has value is if the people give it value. A good currency works because people believe that the given currency has value. By doing this, it allows us to buy, sell, and exchange goods and services. This is what gives it value, and silver will always remain valuable because of this reason.
If you think about the evolution of the human species, we have always been tribal creatures. It is in our nature and being tribal helps us survive the worst of situations. Rather than having to take on the craziness of the wild by ourselves, we managed to figure out how to do it together. We prefer the company of others rather than merely being by ourselves all the time. In ancient times, it was easier to live off the land if we worked together, rather than if we did it by ourselves. By doing this, humans eventually figured out how to exchange goods and services properly. A form of currency allows us to exchange goods and services in an efficient and easy method.
Why do we use silver rather than other metals on the periodic table?
When thinking about currencies, the question of why we use silver rather than other metals might come up. Back in ancient times, our ancestors were forced into a dilemma. They had to find an effective way to exchange goods and services that did not include the barter system. Silver was the logical choice, but there are many reasons behind why this was the case. Here is a list of some other metals on the periodic table and why they do not make a suitable currency:
Metals such as palladium and platinum are considered “noble” metals. They are called noble metals because they do not react easily with any other element. As a result, they maintain their purity, and thus their nobility. These kinds of metals produce very little corrosion, so you would think that would make them a valuable form of currency. However, these types of metals are too rare for a currency to be made. In order for a currency to function properly, it must have enough of a rare factor and be available enough that it can be put into circulation. The noble metals such as platinum and palladium meet the rare factor criteria, but not enough of them can be made to be put into circulation as a currency.
While these metals can be produced abundantly, they corrode very easily over time due to their reactions with oxygen. While they meet the criteria for abundance, they lack the factor of not corroding. A good currency is one that does not corrode easily over time, and these metals do not meet that factor. Furthermore, when it comes to the psychology of a currency, its weight gives it perceived value. Humans perceive heavier objects as more valuable objects. As a result, a good currency must have a certain amount of a heavyweight factor to it. Metals such as aluminum do not meet these criteria and, as a result, are not a good form of currency.
Silver and gold both meet the criteria of what a good currency must have. They both do not corrode easily, they both have a weight factor to them, and they both can be made in abundance for circulation purposes. This makes them the perfect metal for a stable and sustainable currency, and it is why our ancestors chose these two metals for their currencies.
Professional Coin Galleries Offers Expert Professional Advice and GREAT Deals in the Harris County Area!
If you are searching for silver coins for sale, then Professional Coin Galleries has got you covered! We offer a wide variety of silver coins for sale in the Harris County area! Furthermore, our expert professionals are here to help you with any questions that you might have while purchasing! Just give Professional Coin Galleries a call at 888-706-3237 and we will get you in touch with one of our expert professionals as soon as possible!
Baytown is a city in the U.S. state of Texas, within Harris and Chambers counties. Located in the Houston–The Woodlands–Sugar Land metropolitan statistical area, it lies on the northern side of the Galveston Bay complex near the outlets of the San Jacinto River and Buffalo Bayou. It is the sixth-largest city within this metropolitan area and seventh largest community. Major highways serving the city include State Highway 146 and Interstate 10. At the 2010 U.S. census, Baytown had a population of 71,802, and it had an estimated population of 77,192 in 2019.
White American settlers first arrived in the now-Baytown area in 1822. One of its earliest settlers was Nathaniel Lynch, who set up a ferry crossing at the junction of the San Jacinto River and Buffalo Bayou. The still-operating ferry service is known as the Lynchburg Ferry. Other early settlers of Baytown included William Scott, one of Stephen F. Austin’s Old Three Hundred, and Ashbel Smith, who owned a plantation in the area.
The city now known as Baytown was originally three separate towns. The first of these was Goose Creek, named for the bayou of the same name where Canada geese wintered and whose name is still reflected in the area’s Goose Creek school district, whose establishment dates back to before 1850. With the discovery of the Goose Creek Oil Field, the rival communities of Pelly in the late 1910s, and East Baytown in the early 1920s, developed as early boomtowns. The ‘East’ in East Baytown was later dropped because it was west of Goose Creek.
Serious talk of merging the three cities began shortly after World War I, but the community of Baytown was opposed to this idea. However, in 1947, the three cities finally agreed to consolidate. The citizens settled on the name Baytown for the new combined city. Baytown as it is known today was officially founded January 24, 1948.
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