America Should Mine More Silver

The United States has been the world’s reserve currency for over 70 years. This means that the dollar is the currency that is most widely used for international trade and investment. However, there is a growing trend towards de-dollarization, as countries are looking for alternatives to the dollar. This is due to a number of factors, including the US government’s large debt, its history of printing money, and its political instability.

As the dollar loses its reserve currency status, it is becoming increasingly important for the United States to have its own domestic supply of silver. Silver is a precious metal that has been used as a form of currency for centuries. It is also a valuable industrial metal that is used in a wide variety of products, including electronics, photography, and medical devices.

Having its own domestic supply of silver would give the United States a number of advantages. First, it would reduce the country’s reliance on foreign imports. Second, it would provide the US government with a way to back its currency. Third, it would help to stabilize the US economy.

The United States has a long history of mining silver. In the 19th century, the country was the world’s leading producer of silver. However, silver production in the US has declined in recent years. This is due to a number of factors, including the high cost of mining, environmental regulations, and the low price of silver.

The US government needs to take steps to encourage silver mining in the country. This could be done by providing tax breaks, subsidies, and other incentives to mining companies. The government could also invest in research and development to improve mining technologies.

By taking these steps, the US government can help to ensure that the country has a secure supply of silver. This would be a valuable asset as the dollar loses its reserve currency status.

Here are some additional reasons why America needs to have its own domestic supply of silver:

• Silver is a hedge against inflation. When the value of the dollar declines, the value of silver tends to increase. This is because silver is a tangible asset that has intrinsic value.
• Silver is a store of value. Silver has been used as a form of currency for centuries. It is also a valuable industrial metal that is used in a wide variety of products. This makes it a good investment for people who are looking to protect their wealth from inflation and other economic shocks.
• Silver is a strategic asset. Silver is a critical component of many electronic devices, including computers, cell phones, and solar panels. This makes it a valuable asset for countries that are looking to secure their supply of these technologies.

In conclusion, America needs to have its own domestic supply of silver. Silver is a valuable asset that can help to protect the country’s economy and security. The US government needs to take steps to encourage silver mining in the country. This would be a wise investment for the future.