Fibonacci Financial

Posts Tagged ‘XAG’

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”.

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.

How 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

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.

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!

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