A silver correction is way overdue. It actually started to drop a while back, but then the Japan earthquake hit and everything skyrocketed again.
Dunno.
There’s one group of people in the world, who can with a stroke of the pen, change exchange rates and the value of assets around the globe.
They’re just outside Tiananmen square.
Frankly I’m going to admit I’m not on their side. There have been times I’ve hoped American and China could work together, but increasingly it seems that is not the case.
As long as I perceive them to be seeking results unfavorable to my own nation America, then I’ll offer my own thoughts on how to beat them at the same game:
I’ll venture to say they’re about to preemptively raise the value of the Renminbi.
Now maybe it’s just me. But if I had the ability to make my own money more valuable just by saying so.
I’d unload everything I owned which was denominated in other currencies. First.
During the window of time between that sale, and that revaluation...
Lies opportunity.