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.

Canadian Dollar measured in gold

Canadian Dollar measured in gold

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

TSX in gold

TSX in gold

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:

USD in gold

USD measured in gold

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

Advertisements
This entry was posted in Uncategorized and tagged , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s