Precious Metals Heat Up Silver Set to Join Gold
Below is a MRR and PLR article in category Finance -> subcategory Other.
Precious Metals on the Rise: Silver Poised to Shine Alongside Gold
Overview
Over the past two years, I've advocated for investing in precious metals to safeguard against an impending currency crisis. Since my last update, gold has surged by $50 per ounce, now exceeding $600.
Gold's Rising Trajectory
The gold rally is just beginning, and I confidently predict this trend will persist through 2007, potentially boosting its value to between $3,000 and $5,000 per ounce.
Subscribers of Forex Super King have reaped substantial gains with an average of 1,000 pips per month and a 100% return on stocks. We continue to advise reinvesting a portion of these profits into gold.
Economic Insights
Recently, the Federal Reserve ceased publishing M3 data, which tracks U.S. paper currency in circulation. In 1980, each ounce of gold represented $6,966 in the financial system, totaling $1.8 trillion. By the end of 2005, the real money supply exceeded $10 trillion, equating to $40,000 per ounce of gold. This raises a critical question: what is the true value of $1?
Countries like China and Japan are moving away from the dollar. The Chinese view the dollar as unstable, and concerns exist over potential U.S. interest rate cuts in 2006, which could pressure both the dollar and the yuan. Recently, China converted around 2.4% of its dollar reserves to gold, and China's Central Bank is subtly urged to significantly increase its gold reserves.
Silver's Promising Outlook
Historically, gold has traded at about 30 times the price of silver. In 1991, buying gold required 98 ounces of silver; today, it requires 62 ounces.
If gold continues its upward climb, silver could see gains of at least 700%. Despite its industrial demand, silver remains in short supply. Unlike gold, no silver Exchange Traded Fund (ETF) exists yet, but when one is launched?"potentially by Barclays Bank?"silver prices could soar.
Investment Strategy
Forex Super King provides subscribers with an opportunity to trade $100,000 worth of silver for just $1,000. With silver's full potential yet to be realized, it remains a highly tradable and valuable asset.
Claude Grespinet is the President and Head of Trading at Forex Super King.
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