Real Money [Gold] prices in fiat paper

in #gold6 years ago

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So when J.P. Morgan said "Gold is Money" in 1912.... what do you think he meant?

Here's an end of year look into the value of Gold in various currencies around the globe since coming out of the Gold standard.
It is interesting to note that the patterns are similar but what more interesting is to see how Golds value has increased since the Central Bank lead great recession / financial crisis of 2007/8.

Looking at the charts .. I think this is what he meant. Happy New Year.

1oz of Gold = 1776 AUD

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1oz of Gold = 1705 CAD

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1oz of Gold = 1246 CHF

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1oz of Gold = 8684 CNY

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1oz of Gold = 1102 EUR

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1oz of Gold = 992 GBP

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1oz of Gold = 87802 INR

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1oz of Gold = 137754 JPY

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1oz of Gold = 1258 USD

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1oz of Gold = 18148 ZAR

As Lynette Zang would say..."shields are made of metal...not paper or promises"

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