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There is a commodity blitz right now in China and India. They're security stockpiles of precious and essential mineral wealth to buttress their economies against the inevitable economic disaster that is very close now.Silver pricing seem out of line even when compared to gold and other commodities.
NHot sure why, exactly.
Read that China is buying a LOT of silver, so that might explain it in part.
Thoughts?
I now have the beginnings of a theory in my head that this is actually economic warfare by the fed versus China to force them to decouple the Yuan. Depress the dollar so bad that they have no choice or collapse first. Then once that's accomplished, I wonder if they will then try to re-strengthen the dollar back to where it needs to be.QE's, debt, stimulus, spending are all helping. China is buying silver in metric tons. This is completely different from the Hunt bros. I wouldn't mind selling at a hundred an ounce but at that point the dollar and economy are gonna be in bad bad shape. The trick would be to sell it and then purchase intangibles ie land, etc.
I think Bernanke and his money printing press had more to do with that than OBama did. I suspect Obama doesn't even grasp the connection.I hope the economy keeps "recovering" because it is making me rich!
I hope the economy keeps "recovering" because it is making me rich!