Wednesday, February 9, 2011

Silver today

08.02.2011 @ 9.40PM E.T

Gold @ $1365
Silver @ $30.47

Today Gold/Silver Ratio is 45:1
From 2009, 63:1
2010, 47:1
Hopefully by end of 2011 it will close down to 40:1
If gold hit $2,000 by end of 2011, silver will hit $50.

Silver previous resistance level now becomes silver support level! With silver at approximately $30/oz today, there's still $20 before it hits $50.

People can use forex platform to maximise the profit before switching most of the profit to buying physical Silver.
With a $5,000USD capital, buying in 2,000units and holding till end of 2011 (if silver hit $50/oz, $20 increment), the profit would be $40,000USD=$50,000SGD
With a $25,000USD capital, buying in 10,000units and holding till end of 2011 (if silver hit $50/oz, $20 increment), profit would be $200,000USD=$250,000SGD
With a $50,000USD capital, buying in 20,000units and holding till end of 2011 (if silver hit $50/oz, $20 increment), the profit would be $400,000USD=$500,000SGD

If people invest $50,000 in physical, at $30/oz, they can only buy 1,500oz of silver. After a $20 increment in silver, they'll get $75,000. Earning a net profit of $25,000
The difference in profit between investing in physical and using forex platform will then (in this case where silver increases to $50), will be 20times.

And since we're still quite confident in silver that it'll still remain quite bullish throughout the year of 2011, people should maximise their profit using forex platform.