Friday, September 16, 2011

Silver breaks $39 an ounce – Canadian election eh?

Silver is over $39 an ounce (39.16) as governments continue trashing currencies in order to mimic a financial recovery. Lets take my country Canada as an example. If you look at the charts below, you will quickly notice that the Canadian dollar and Canadian stocks are quickly dropping.

From November 2009 the Canadian dollar has lost over 38% of its purchasing power. Think you did better with Canadian stocks?

Doesn’t look like a financial recovery to me! Maybe Prime Minister Harper can find it? Every country has the same problem. Here’s the American Dollar:

Yikes! A 55% drop in 17 months. “Yes we can” trash our currency. buy silver! Do it while your currency is still worth “something”.

(original April 5, 2011)

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