By end of 2011, I'll flip $10,000USD into $1,000,000USD.
$50,000- FX account
$500,000-Physical Silver (7500 oz)
$200,000-Mining Stocks
$30,000- RMB
$60,000- F&B Business
$40,000- Cash backup
$60,000-Monthly expenses
$60,000- Car
Wednesday, March 9, 2011
Wednesday, March 2, 2011
Looking forward to next month :D:D:D
Today is 2nd March. The last post was 9th Feb. (3weeks gone)
Back then,
Gold @ $1365USD/oz
Silver @ $30.47USD/oz
Gold/Silver Ratio: 45:1
Today,
Gold @ $1430USD/oz (+4.7% from last month) All-time High!!
Silver @ $34.57USD/oz (+13.4% from last month) 30 yrs High!!
Gold/Silver Ratio: 41:1
Next month?
Gold @ $1481.5USD/oz?
Silver @ $38.79USD/oz?
Gold/Silver Ratio: 38:1
I don't think i've to tell you which one to invest in, right?
Ultimately if Gold/Silver Ratio close down to 30:1, when Gold is @ $2,000USD/oz, Silver will reach $66USD/oz
To me, even if U.S economy is recovering, the price of Silver will still increase. Because the fact is that the supply of Silver on earth is getting lesser and lesser, while the demand for Silver is getting more and more by years.
Currently the above ground Silver supply is around 500million oz to 700million oz while the demand during the last 10years were between 800million oz to 920million oz each year.
While 130million oz is with W.Buffet, 100million oz with COMEX, probably another 100million oz with private investors/individuals, these reduces the above ground available Silver supply from 700million oz (best case secenario) to 370million oz. There'll be a deficit of 430million oz (using 800million oz demand). How to fill up these holes? Unlike money which can be printed, Silver can never be printed. Eventually, when the supply can't meet the demand, the price of Silver will shoot up like crazy!!
Well, enough said. Do what you have to do before it's ALL TOO LATE!!!
Back then,
Gold @ $1365USD/oz
Silver @ $30.47USD/oz
Gold/Silver Ratio: 45:1
Today,
Gold @ $1430USD/oz (+4.7% from last month) All-time High!!
Silver @ $34.57USD/oz (+13.4% from last month) 30 yrs High!!
Gold/Silver Ratio: 41:1
Next month?
Gold @ $1481.5USD/oz?
Silver @ $38.79USD/oz?
Gold/Silver Ratio: 38:1
I don't think i've to tell you which one to invest in, right?
Ultimately if Gold/Silver Ratio close down to 30:1, when Gold is @ $2,000USD/oz, Silver will reach $66USD/oz
To me, even if U.S economy is recovering, the price of Silver will still increase. Because the fact is that the supply of Silver on earth is getting lesser and lesser, while the demand for Silver is getting more and more by years.
Currently the above ground Silver supply is around 500million oz to 700million oz while the demand during the last 10years were between 800million oz to 920million oz each year.
While 130million oz is with W.Buffet, 100million oz with COMEX, probably another 100million oz with private investors/individuals, these reduces the above ground available Silver supply from 700million oz (best case secenario) to 370million oz. There'll be a deficit of 430million oz (using 800million oz demand). How to fill up these holes? Unlike money which can be printed, Silver can never be printed. Eventually, when the supply can't meet the demand, the price of Silver will shoot up like crazy!!
Well, enough said. Do what you have to do before it's ALL TOO LATE!!!
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