Silver investment is all about buying silver at low price and selling silver later at high price. Since Silver price is measured in US Dollar. It is definitely worth to take a closer look into US Dollar especially what happened after QE3 is announced.
Congressman Ron Paul, a 3-time candidate for President of the United States said:
Sept. 6 2012 is the most significant day in the history of the American dollar, since its inception. On that day, something took place that is going to affect our life, our family, our dinner table more than we can possibly imagine.If we act now to replace the fiat system with a stable dollar backed by precious metals or commodities, the dollar can regain its status as the safest store of value among all government currencies. If not, the rest of the world will abandon the dollar as the global reserve currency.
China made the official announcement on Sept. 6 2012:
Our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day. Any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.
China has officially abandoned US Dollar. The demand for US Dollar has significantly dropped. The value of US Dollar is significantly lowered. Unfortunately US Dollar is still the world reserve currency. The world reserve currency is going to affect all other currencies in the world including Ringgit.
When you continue keeping your wealth in Ringgit, that is exactly what government wants you to do, so that the government can print out more money.
How do you think the central bank print out more paper money? The answer is by simply stealing (devaluating) the value of the Ringgit in your pocket. A fancy term is known as inflation. The reality is, prices of goods did not go up, it is the value of currency going down.
The good news is, silver price and paper currencies (such as US Dollar or Ringgit) always move the opposite direction. When the value of currencies goes down, silver price will shoot up. Silver not only a good medium to preserve your wealth, in fact silver price is going to rise significantly in the near future.
Now is the perfect time to get into silver investment especially during the trouble global financial time. Like any other investments, you must educate yourself before investing your money.
