HiSlangeandAll,
Correctiontoearlierpostforbankpleasereadbang!
ThequestionIposedyesterday:“ Will Chinacomebacktothe Gold marketwithabank aftertheirbreak?”
ItappearsthattheTaiwanesedollarhasseeadecentappreciationof8%gainsontheUSAdollarinjusttwodays.
PerhapsTaiwanshouldfollow themainlandChina’s parentexampleandusethis windfallincrease intheirdollartobuyGold!
SINGAPORE/TAIPEI,May 5 (Reuters) - An unprecedented two-day surge inTaiwan's currency is the latest leg of a scramble out of the U.S. dollarand signal of disquiet in markets as U.S. President Donald Trump's trade warrattles confidence and disrupts trade relationships.
Taiwandollar's record rally is a trade-war tremor | Reuters
TheGoldtoSilverratioremainshigh at102:1
DuringRomantimestheratiowasfixedat12:1In slightlymoremoderntimesintheUSAcoinageactof1792theratiowasfixedat15:1.
IbelieveatonepointduringWW11theratiopeakedat98:1.OnewondersjusthowlongthemajorplayerscankeeptheSilverpriceundertheircontrol?
TalkingaboutratiosingeneralIdo notprofess tobeinganexpertbuttheCoppertoGoldandtheOiltoGoldratioscouldbeanearlywarningsignofmarkettroubleahead.
Copperto Gold Ratio - Updated Chart | Longtermtrends
Goldto Oil Ratio - Updated Chart | Longtermtrends
Onethingforsurewithallthisindicativeinformationandinthemidstofbothhot/tariff wars andgeneral financialshenanigansI foroneamnotthinkingaboutpartingwithanyphysicalgoldanytimesoon.
Cheers
