Tags: gold | precious metals | prices | paper currencies

Gold Is Up 133 Percent to 88,584 Percent in Paper Terms

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Friday, 31 Jan 2014 10:00 AM Current | Bio | Archive

An intrepid investigator, James Anderson, has researched what gold cost in terms of 120 currencies during the last 14 years.

His research shows that gold beat all paper currencies by at least 133 percent and, at most, by nearly 90,000 percent.

Using gold’s price at the dawn of Y2K vs. New Year’s Day 2014, he chronicled gold’s gain in each of these 120 currencies.

The best currencies of the new Millennium — those in Switzerland and the Czech Republic — lost 57 percent of their value to gold during the last 14 years.

Here are the 10 best currencies of the new century, and gold’s performance compared with. the best paper money the world has to offer.

The Top 10 Currencies, 2000-2014, in Gold Terms


 Strongest Currencies  Gold Price
on Jan. 1, 2000
 Gold Price
on Jan. 1, 2014
 Gold’s Gain
 Czech koruna  10,309         23,980         +133%   
 Swiss franc  459.07     1076.55     +135%   
 Lithuanian litas  1,146     3,029     +164%        
 Cayman dollar     3261.36     988.64     +174%   
 Croatian kuna  2,189     6,680     +205%
 The Euro     286.48     877.27     +206%
 Chinese yuan     2384.5     7296.4         +206%
 Australian dollar  440.23         1352.63     +207%
 Canadian dollar     416.42     1280.65         +208%
 Danish krone 2,126     6,544     +208%
















By comparison, gold is up 319 percent in terms of the U.S. dollar during the same 14 years.

And this is using gold’s depressed price of $1,205 on Jan. 1, 2014. The worst currencies saw gold gains of 30,000 percent or more: 88,584 percent for the Congolese franc, 65,789 percent for the Burmese kyat, 33,787 percent for the Liberian dollar.

About the Author: Mike Fuljenz
Mike Fuljenz is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the NLG award winning Michael Fuljenz Metals Market Weekly Report. Discover more by Clicking Here Now.

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An intrepid investigator, James Anderson, has researched what gold cost in terms of 120 currencies over the last 14 years.
gold,precious metals,prices,paper currencies
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2014-00-31
Friday, 31 Jan 2014 10:00 AM
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