Tony Lepage

A lot has changed since my last economics post. Today is July 29th and look what we have:

• A revaluation of the Chinese Renminbi Yuan (It’s actually pronounced “You-en”)
• A have a huge jump in Gold and silver (nearing the end of July, better yet, begining of August).
• Gold also jumped in every currency today, thats right, a currency everyone wants when the going gets rough.
• The timing of gold is like clockwork. It has fallen during the months of April -> July for the past 16 years. It has also regained it strength to recover from August -> December.

Here is an example; Gold is trading around it’s low of 418.00 for the year of 2005. Last year, it’s low was around 379.00 and it managaed to finish the year off over the price of 450.00.

No one seems to care about the fundemental factors behind the strength of Gold and Silver. That is fine, let your savings rot away (if you have any–ponder that).

When you care about what the fundementals behind silver are, be sure to turn on you television and check if you’re just trying to keep up. If the TV says its a good idea to buy, let me know, I’ll be more than happy to sell you some of my gold. Shit! I’ll promise to deliver within 2 hours (at market price of course )!

Take a look at the Weimar Republic and see how the story ends.