Tuesday, March 16, 2010

Gold in Other Currencies: Investors Lose Money With Gold

We track the price of gold in other currencies, live as one of our live tracking sites. It is still amazing that most investors think that gold goes up but don't realize that it only goes up in some currencies, like USD or Euros.

Here is the current performance char since January 2009:

Investors in Australia, Brazil, and other nations have lost quite a bit of money with gold in that time period.

The price of gold is very correlated to the USD. It is all relative. It is the USD and the Euro that have gone down.

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics