As quickly as hurricanes and wildfires pop up, a financial or other crisis could hit unexpectedly at any time. It’s always good to be prepared.
Silver prices could move up significantly anytime due to shortages or just because it becomes a more recognized “asset class” and an alternative to stocks, bonds, cash and real estate. We probably will not see prices hitting new all time highs right away. In fact, prices are in a downward trend right now, allowing us more time to steadily build enough silver reserves for possible currency defaults in the future.
Some folks in countries where their currencies are being downgraded are already in rapid decline toward default, and it may not be far off here in America. That’s why it’s always better to be early in converting at least some paper currency into silver.