derekh42

Lost confidence in the cad

Long
OANDA:XAGCAD   Silver/CAD
I have been stacking silver for about a year now. I believe the Canadian dollar will fall to new lows as the debt climbs and our gdp shrinks. Silver is now the rarest metal in the world due to the costs to mine it are greater than to mine it. Central banks may try to print their way out of this and that is what I expect. I have 1000 dollar price target on silver due to the consolidation for the past 7 years and once silver breaks 50 an oz I believe silver will have a massive run. Silver is hard to find even at dealers. How bad will this depression be? No one knows but the civil unrest and terrorism in the USA displayed this week will have people thinking the stock market isn’t as safe as the fed is saying it is. Let me know what I think. I am curious what other people think about deflation or inflation and the cad.

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