Archive for US$

Where is Canadian $ Heading?

The chart appears to have Solid Support now at $1.1-$1.2 level. $0.9 per USD is looking like something that’s not going to come back in next decade… Target of this USD/CAD bull market? Seems it’s heading to $1.8-$2.0 to me…


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30 Years US$ Index

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$5000 Gold/$500 Silver by next Presidential term

Will the pig fly if it has the wing?

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Middle East’s attitude towards Gold/US$

What do those Arabic people, nowadays getting most of the $$$ from the surging oil price, think about the US$ and Gold?

$$$: The combined efforts of Wall Street and Washington to talk up the US dollar, backed by a few less frightening than expected statistics, probably do not make for a sustained dollar rally.

Gold: Certainly by this autumn, and probably sooner, the investment community is going to start to ask where is the promised recovery… …And then only one investment is likely to shine, that safe haven and defender from inflation: gold. $1,200 an ounce this autumn.

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Penalty of Death, for de-basing the coins

Coin Act of 1792, and maybe 2012:

Penalty of Death for de-basing the coins. Section 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained, or shall be of less weight or value than the same out to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death.

And a few fundamental about silver: (

1. The world is no longer using silver and gold as money, and thus the primary demand could not be lower.
2. The world started consuming silver in electronics after World War II, and has continued the pace of silver consumption of about 7 tenths of an ounce of silver per year, per person, in industrialized nations ever since, consuming perhaps over 25 billion ounces of silver.
3. With the rise of inflation beyond 20% per year, many people in the financial world are turning their attention once again to buying gold and silver.
4. With $14 trillion in M3, according to private sources, and with annual silver investment demand at barely $1 billion, and with 60-90% of the U.S. population concerned about inflation and the devaluation of the dollar, we are on the edge of a tidal wave of investment demand for silver.

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Federal Reserve may Want Inflation

Today published the article “Federal Reserve may Want Inflation“. So I’m not the only one who’s thinking about inflation… inflation… inflation… (see yesterday’s article 120 Years of American Real Estate).

Hell, US owes so many in foreign debt, does it want to make the Dollar more valuable (so they need pay more real services/goods), or make it less valuable so they can pay less. Or, just make it worthless so they owe nothing at all. Go countries – exchange your Dollar for Gold/Silver while you still can.

Here is what Fed itself has to say: Federal Reserve: U.S. headed for bankruptcy. Well, not Fed itself, but a researcher for the Fed. /shrug

Update on May 11th: The difference of now and the 80th, will the FED raise rate again to 20% to fight inflation?

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Work hard, don’t save Money

Today an interesting table from had my attention:

It has only been 40 years, and the chance is that the world is not going to end in another 40 years. Let’s do a calculation to see what these price will be, 40 years from now.

Yes please work hard, as a man we all need to. But save ‘money’? You gotta be kidding me. Instead, save in something valuable.

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