Gold vs. Euros: The Non-Dollar Choice

Gold has now doubled since the Euro first got where it stands against the Dollar today…

SINCE THIS decade’s Dollar Decline first pushed the Euro above $1.35 in late 2004 – a level it reclaimed this week – the price of gold has gone on to double for both US and Eurozone citizens.

American investors and savers would have been much better off Buying Gold instead of Euros, in other words, as would everyone else. And looking ahead, “These days, currency weakness, relative to other currencies, matters less for gold,” reckons Standard Bank’s Walter de Wet.

“All major currencies are being devalued, and as a result – and on a relative basis – currencies are trading in the same ranges seen before. However, these currencies are weaker against tangible assets such as gold.”

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