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<p>[QUOTE="desertgem, post: 1105489, member: 15199"]It could, but still no sign nor numbers indicating that it is a forgone fact.</p><p><br /></p><p><br /></p><p>I can't say this isn't true, but may I also say that from my point, every other prominent economy ( Country) do exactly the same and often to a worse extent. I suspect but no one can prove, due to the lack of transparency of the government, that China and the BRIC countries deflate the bad news and inflate the positive news. No country is going to back their currency with PM. All it would do is drain such PM out of their control. The key isn't how much paper is being printed, as much as how it compares with how much is being printed by other economies. In the beginning stages of the US housing, debt, etc. problems, I, along with many, thought that the Euro or other currency would "crush" the US dollar. I really expected by now it would be $2USD=1 euro, not the $1.35 level. </p><p><br /></p><p>I am not a PM "hater", nor a PM "Lover", I am a trader. If it is in a good pattern, I will buy. If not, I will sell and wait for the change. For me, it would have to break above 31.30 strongly to be positive again, and then nervous time. I would hope it would drop to 26 where there is good support level. If you are investing for your future, you have to be open to stocks, or you might miss an even larger gain. Currently I think that stocks or soft commodities are better than PM. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Just my opinion. </p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1105489, member: 15199"]It could, but still no sign nor numbers indicating that it is a forgone fact. I can't say this isn't true, but may I also say that from my point, every other prominent economy ( Country) do exactly the same and often to a worse extent. I suspect but no one can prove, due to the lack of transparency of the government, that China and the BRIC countries deflate the bad news and inflate the positive news. No country is going to back their currency with PM. All it would do is drain such PM out of their control. The key isn't how much paper is being printed, as much as how it compares with how much is being printed by other economies. In the beginning stages of the US housing, debt, etc. problems, I, along with many, thought that the Euro or other currency would "crush" the US dollar. I really expected by now it would be $2USD=1 euro, not the $1.35 level. I am not a PM "hater", nor a PM "Lover", I am a trader. If it is in a good pattern, I will buy. If not, I will sell and wait for the change. For me, it would have to break above 31.30 strongly to be positive again, and then nervous time. I would hope it would drop to 26 where there is good support level. If you are investing for your future, you have to be open to stocks, or you might miss an even larger gain. Currently I think that stocks or soft commodities are better than PM. :) Just my opinion. Jim[/QUOTE]
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