France Louis Phillippe I, Napoleon III, Republic 5 Francs and 1 US silver eagle. Total intrinsic value 13.2978 oz actual silver weight.In my humble opinion, silver should has a healthty correction, i.e. drops approximately 30% to 45% after the price sharply appreciated 100% in 7 months against all currencies (also other commodities). However in long term, the bubble is the paper currencies itself (subject to how fast the money printing machines work from FED and how keen are all other countries devalued their currencies in order to stimulate their exports to increase the competitive advantages) rather than commodities, except some better and significant undervalued currencies, e.g. RMB, MYR, SGD, THB and some others, especially RMB and MYR. Any correction of silver and gold price will be a good news for buyers (but not speculators unless who would selling short), who would preserve their true purchasing power.
US$ against Chinese Yuan, Malaysian Ringgit, Swiss Franc, Gold and Silver,1 Jan 1990 to 20 April 2011
US$ against Chinese Yuan, Malaysian Ringgit, Swiss Franc, Gold and Silver,1 Jan 2001 to 24 April 2011
US$ against Euro, Australian Dollar, Swiss Franc, Gold and Silver,1 Jan 2001 to 24 April 2011
Silver against Australian Dollar, Euro, Chinese Yuan, US$ and Gold,1 Jan 2001 to 24 April 2011
...BUT, if FED increase the interest rate suddenly (is there any evidence could support this point?), then, you will know what to do...OR...when everybody are going to buy gold and silver, then it might be the same as 2007 October equities situation...OR...if the price continue to climb like past few weeks, then silver will be the worst currency [bubble]; an exceptional case is, if US dollar collapse [China and other countries will continue to purchase US$ therefore it's impossible this year or perhaps for the next few years], then silver should climb faster than past few weeks... But up to now, it's still fine.
0 comments:
張貼意見