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 Galena Park, 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 Galena Park, 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.
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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!
Galena Park is a city in Harris County, Texas, United States, within the Houston–Sugar Land–Baytown metropolitan area. The population was 10,887 at the 2010 census.
Issac Batterson and his family settled in the area in 1833; it was a part of the Ezekiel Thomas Survey. The area of Galena Park began as the settlement of Clinton in 1835. The center of what would become Galena Park was a 1,000-acre (400 ha) tract that Batterson purchased from the estate of Ezekiel Thomas. The settlement originally served as a farming and ranching community, but in the 1880s transformed into a railroad center along the new Port of Houston. With the coming of the petrochemical industry in the early 1900s, Clinton transformed into a refinery center.
Clinton attempted to establish a post office in 1935, but the request was denied as another Clinton, Texas, had established the name. The settlement’s name was changed to Galena Park after the Galena Signal Oil Company of Texas, which built the first refinery there (while controlling interest was held by John D. Rockefeller’s Standard OIl, the Galena Signal OIl Company was eventually acquired by Texaco Oil); Kinder Morgan Inc operates the one single mini-splitter/ refinery left in Galena Park today providing clean oil in a venture with BP (British Petroleum). Galena Park’s original name survives today as the name of a major street in the city, Clinton Drive. Because of the 1935 incorporation, Houston did not incorporate Galena Park’s territory into its city limits, while Houston annexed surrounding areas that were unincorporated. By the late 1930s Houston was growing as a port, so Galena Park expanded. Since the 1940s area residents considered the city to be a part of Greater Houston.
The economy of Galena Park began to suffer in the early 1980s, when cranes used to haul ship cargo were introduced; prior to the early 1980s a team of workers, known on the docks as longshoremen, took up to one week to unload cargo off of a ship. Many lived in the Galena Park area and contributed to its local economy. The use of cranes, however, led to ships unloading all cargo in less than one day. The 1980s also hit Galena Park’s economy with layoffs from the steel mills as the U.S. steel contracted due to overseas competition. The economy further decreased after the September 11, 2001 attacks, when seaport administrators tightened security rules that governed whether sailors could leave ships docked at port.
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