Note: This time point 1993.
In fact, a global economic crisis broke out in 1990- 1992.
1Since July 1990, the United States has set the first crisis record, which soon spread to Canada, Japan, Europe, Australia and other western countries. It was not until the end of 1992 that the United States came out of the trough, while Western Europe, Japan and other countries still had a serious shadow.
Extended data:
Definition of paper silver
"Paper silver" is a kind of personal certificate silver, which is a new variety of precious metals investment after paper gold. Investors buy and sell "virtual" silver according to the quotation on the bank's books, personally grasp the trend of international silver buying low and selling high, and earn silver price fluctuations.
Investors' transaction records are only reflected in the "silver account" opened by individuals in advance. No physical silver extraction and delivery.
Factors affecting paper price and silver price
1. Supply and demand
2. Major events
The cost of hitting or maintaining the domestic economy, as well as a large number of investors turning to gold and silver as hedging tools, may increase the demand for silver and stimulate the price of gold to rise. Therefore, investors should also pay attention to international politics when predicting the price of silver.
3. US dollar exchange rate
The exchange rate of US dollar is one of the important factors that affect the fluctuation of silver price. Generally speaking, in the silver market, there is a rule that the dollar goes up and the dollar goes down. But in some cases, especially when silver is very strong or very weak, silver has also got rid of the influence of the dollar.
4. Crude oil price
Crude oil is closely related to the silver market. The internal reason is that silver has anti-inflation function, and the international crude oil price is closely related to the inflation level. Therefore, there is a positive interaction between silver price and international crude oil price.
5. Financial crisis
When the financial system of the United States and other western powers is unstable, leading to the world financial crisis, world capital will invest in gold and silver, the demand for gold and silver will increase, and the price of gold and silver will rise. At this time, gold and silver played the role of safe-haven funds.
6. Inflation
We know that the purchasing power of a country's currency is determined by the price index. When the price of a country is stable, the purchasing power of its currency will be more stable. On the contrary, the higher the inflation rate, the weaker the purchasing power of money and the less attractive it is.
7. Economic status
With the prosperity of economy, people live a carefree life, and people's desire for investment will naturally increase. The ability of private buyers to buy silver as a hedge or decoration will be greatly improved, and the price of silver will also be supported to a certain extent.