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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (5277)	12/19/2003 3:00:49 AM
From: c.hinton	Read Replies (1) \| Respond to of 108934

historicly china has valued silver relatively higher to gold as well .So much so that opportunities for incredibly profitable arbitrage occured to traders over the last 1000 years.It has also been said that the west ended up with a gold standard because its silver was always needed for payments to china which would except no other means of payment,that is ,until england forced opium upon china in the 1840s century because silver was in short supply and getting more expensive relative to gold. Imagine what profits were generated by the huge quantities of silver mined by the spanish in South and central america that either could be traded for undervalued gold or goods in china.