Just finished another book in record time!
This 600-page book 'Losing my Virginity' is an autobiography from the founder of the Virgin Group, Sir Richard Branson.
This is an incredible man. Humorous, adventurous, philanthropic, inspirational and a great business mind. You won't regret reading this book. It's a page turner, and you'll finish it in no time.
This book was a slight diversion to my research into commodities. But it was refreshing and has put some things into perspective for me. Now I'll be back to my commodities books. Just bought a handful of them, plus a new bookshelf recently.
Regarding Gold, it has hit record highs day after day for the past weeks. Just a few days back, it hit USD 1120+. On the other hand, US Dollar index has been dropping. To prevent their currencies from appreciating too fast against the USD (as well as the Euro), some Asian countries with huge trade surplusses with the US and Europe have been buying up those currencies. These countries include Singapore, Malaysia, China, and India. It's adding more oil to fire.
Silver is still languishing around USD 17+. It is way off its record high of USD 50 set in the last bull market in 1980. Adjusted for inflation (using the current flawed inflation measures), this figure is easily USD 100++ today. Using the inflation measures back then, the adjusted silver price will be way higher, in the region of a few hundred USD. For gold, using the current inflation measurement, the 1980 record high of $850 will be $2000++ today.
But then again, we have to throw caution to the wind, and look at the actual supply/demand for silver and gold. Be careful not to get too carried away by the sentiments that gold bugs carry!
This 600-page book 'Losing my Virginity' is an autobiography from the founder of the Virgin Group, Sir Richard Branson.
This is an incredible man. Humorous, adventurous, philanthropic, inspirational and a great business mind. You won't regret reading this book. It's a page turner, and you'll finish it in no time.
This book was a slight diversion to my research into commodities. But it was refreshing and has put some things into perspective for me. Now I'll be back to my commodities books. Just bought a handful of them, plus a new bookshelf recently.
Regarding Gold, it has hit record highs day after day for the past weeks. Just a few days back, it hit USD 1120+. On the other hand, US Dollar index has been dropping. To prevent their currencies from appreciating too fast against the USD (as well as the Euro), some Asian countries with huge trade surplusses with the US and Europe have been buying up those currencies. These countries include Singapore, Malaysia, China, and India. It's adding more oil to fire.
Silver is still languishing around USD 17+. It is way off its record high of USD 50 set in the last bull market in 1980. Adjusted for inflation (using the current flawed inflation measures), this figure is easily USD 100++ today. Using the inflation measures back then, the adjusted silver price will be way higher, in the region of a few hundred USD. For gold, using the current inflation measurement, the 1980 record high of $850 will be $2000++ today.
But then again, we have to throw caution to the wind, and look at the actual supply/demand for silver and gold. Be careful not to get too carried away by the sentiments that gold bugs carry!
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