Welcome to Illuminati Silver, we tell you the truth about silver.
Today is Monday 3rd August 2015 and our video, which is quite brief, is aimed at placing
a counter balance to the ‘pumpers’ who claim that whilst gold prices may be down
in US dollar terms, they are up in most other countries currencies.
So we thought we would take a look at this for ourselves, and using a great website called
www.bullion-rates.com we investigated how the major world currencies faired in terms
of gold and silver prices over the last 12 months up to 31st July 2015.
The one currency most often quoted is the Russian Rouble and in fairness this does apply:
Gold is up 46% and Silver up 25.5% in Rouble terms - we all know, the reason for this has
been the Western sanctions levied against Russia, and its economic effect. So what about
the other major Countries of the World: Well, the Australian Dollar – Gold was up
7.8% but silver was down 7.2% The Euro – Gold up 3.4% but silver was down
11.1% The Japanese Yen – Gold up 2.1% but silver
down 12.2% The Canadian Dollar – Gold up 1.4% but silver
was down 12.8% The South African Rand – Gold up ½% but
silver down 13.6% How about the good old British Pound Sterling?
– Gold Down 9% and silver down 21% The Indian Rupee – Gold down 11% and silver
down 23% The Chinese Yuan or Renminbi – Gold down
15% and silver down 27% - No wonder they are purchasing so much.
The US Dollar – Gold down 15.4% and silver down 27%
So with the exception of Russia, for the 12 months until 31st July 2015 Five of the major
World Currencies were up in Gold price terms, - the largest being up 7.8% and five showing
a declining gold price with the lowest being down 15.4%. But do you know what stood out
the most? Again ignoring Russia which has its own unique circumstances, all of the other
10 countries, yes all of them, are showing lower silver prices in their currencies from
a 7.2% decline to a 27% decline. So when you next hear a pumper saying ah gold
may be down in US dollar terms, but it’s up in practically all other countries’ currencies
– not in the ones that matter. Also do not forget to ask them that if silver is such
a great hedge, why is the silver price down in all of them, except for Russia?
We hope you like this video and found the information useful. If so, please give it
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silver. Disclaimer:
Silver Illuminati owners come from a background of Banking, International Wealth Management
and Economics. Having now retired from these worlds we are not qualified to give investment
advice. Therefore, this and other productions must not be deemed to be giving such advice
and merely represent the personal views of its owners.