Posts Tagged ‘XAG’

silver-symbol-large

C’est Moi !

Silver Currency Symbol created & copyrighted by Michael R Stoddard

Posted for the benefit of EZine Article readers – “The Silver Phoenix is Rising Again”.

xag-vs-usd-ii

Prices for goods in 1913 are all over the place – please dear reader please share your research. ;-)

See its use in a common GAAP Financial Statements below.

orange-crushHow much did an Orange Crush cost???

PS: If you found this valuable or interesting PLEASE let me know by dropping me a comment! ;-)


Currently Silver Does Not Have a Face aka a Symbol

A New Currency Symbol for ISO Silver Currency XAG No. 961

xag_red

Silver Currency Symbol artist and creator is Michael R. Stoddard.

For those who want to include this new symbol in their word processing and spread sheet fonts, please email your requests to:

michael@fibonaccifinancial.com

I recommend that you go out to Wikipedia’s article on ISO 4217 on Currencies.

Sample Financial Statement Presentation

The “unit of account” for the Founding Fathers was the silver dollar. That is they kept their accounting records in silver dollars. What did they know that we don’t. During the constitutional convention they debated long and hard about allowing paper money but came down strongly against paper money. They resolved only to admit gold and silver as money. They also resolved to use silver as the monetary unit. Officially confirming what they were already doing independently. Why were they so vehemently against paper money? Why mandate in the Constitution that the States could only accept Gold and Silver?

Publishing financial statements in Silver ounces could be presented as follows. The currency symbol is prominently displayed in the upper left hand corner to help with the paradigm shift. The new symbol is displayed at the top and bottom of each financial statement column.

balancesheet

Tighten your seat belt and fasten your harness! Gold is about to tank.

And a NEW way to participate. Forex.com has added an exciting new currency pair XAU:USD.

I love the smell of fire sales in precious metals in the morning!

sharpchartv05servletdriver2

GLD the Gold ETF is ready to break down on a Point and Figure chart. Once the GLD chart prints a trade at 87 gold should be sold. The Commitment of Traders report the last month or so has indicated that speculators have spent there wad and there is not enough money to drive Gold to new highs. Long term support should be between $600 and $700. When Gold get down into this region of course I will be watching the COT activity very closely for commercial accumulation. For long term investors and accumulators this will probably provide a multi-year buying opportunity. ;-)

If, you have a portion of your portfolio commited to speculation and you have the requisite experience, there is a new oppotunity out there. Forex.com now offers a gold/dollar currency pair. The XAG:USD can purchased or sold short for only around $200 a contract – check it out! This $200 dollars controls 10 onces of gold. So, a drop from $870 to $650 will provide a profit of around $2,200 dollars ( $220 dollar drop in gold X 10 ounces equals $2,200).

More golden nuggets from your intrepid investment advisor,

MRS

This doesn’t constitute investment advice; but is presented as educational information. This will give you a flavor of the investment management opportunities of working with Fibonacci Financial.

For personal financial planning and asset allocation consulting services email me at:

michael@fibonaccifinancial.com ;-)

  • The Silver Phoenix Rises From the Ashes of the American Revolution May 13, 2009
    Its 1773 and you are invited to attend a secret meeting of the Sons of Liberty at the Green Dragon Tavern to plan a Tea Party. While there, you will learn what a dollar really is. What kind of money was in the pockets of colonists and patriots to pay for their grog as they quietly discussed revolution? What did the founding fathers mean when they used the w […]
  • The Silver Phoenix is Rising Again April 17, 2009
    Is silver money? No, but it is a ISO certified currency under ISO 4217. Silver has historically been used as money more than any other item. And now the Silver Phoenix is starting to rise again. Silver has been the little guys way to accumulate and protect wealth through out history. […]
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Ludwig von Mises
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