Silver Set to Join Gold- Precious Metals Heat Up
For the last 2 years, I have been buying and endorsing precious metals against an unavoidable currency crisis. Since my last report, gold has added another $50 per oz. and is now topping $800. The gold rally is just getting heated up, and I strongly believe it'll continue at least thru 2007. I foretell that we're going to see its price rise to between $3,000 and $5,000 per oz.. Forex Super King customers have experienced significant profit trading the foreign exchange, with a median of one thousand pips ( price interest points ) each month, and an a hundred % return on stocks bought. As normal, we've got counseled that they place part of their profit into gold.
Here is an update on gold : The Fed commented that it will not publish M3 data showing the quantity of paper currency issued in the U.S. In 1980, for each oz. of gold in America, the monetary system carried $6,966. That is $1.8 trillion total.
At the end of 2005, the total real money supply shot up to over $10 trillion. That is $40,000 in circulation for each single oz of gold. So that the query becomes : How much is $1 actually worth? China, Japan and the majority of Southeast Far East are all shifting from the $. To the Chinese, a weak greenback is neither solid nor trustworthy. Yu Yong ding, who sits on the Chinese Central Bank Financial Policy Council, informed the China Instruments Book he was worried America would drop rates in 2006, putting pressure on the $ and the yuan.
China just lately cashed in about 2.4 percent of its buck reserves to buy gold. China Universe Instruments silently hinted China's Central Bank should quadruple its gold reserves in the near future. Here is the update on silver : Over the long term, gold has sold for almost thirty times the price of silver. In 1991, you required 98 oz. of silver to get a single oz. of gold, which now sells for 62 times the price of silver. If gold continues its meteoric rise in worth, there will be a gain of at least seven hundred p.c for silver. Silver is in demand in the commercial sector regardless of being in short supply. Unlike gold, there's no silver Exchange Traded Fund yet.
Precious Metals Heat UpSara Robinson, 2022
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