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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (69211)	12/7/2010 11:25:11 AM
From: Hawkmoon	1 Recommendation Read Replies (2) \| Respond to of 218132

Actually, I think Silver is looking interesting.. Given the historic ratio to the POG (I've read it's about 1:16), it may be significantly undervalued.. There are also some who are speculating that China has been encouraging ownership of precious metals in order to facilitate a challenge to the USD as a reserve currency by the Yuan. Given that there's hardly enough Gold available to facilitate this, silver could become the next alternative for a bi-metallic reserve "currency".. As I've stated, I'm not a fan of hard metal currencies since it diverts significant economic resources towards environmentally destructive mining and processing.. But if 1.3 Billion Chinese (and 700 million Indians) are going to buy precious metals, who am I to argue? Hawk