Archives for April2010

Gold Priced In Foriegn Currencies; April 2010

Dear readers:

This post is compliments of Jim Sinclair’s web-site , trader Dan illustrates how gold priced in various currecies other than the U.S. dollar proves that gold is the anti-fiat currency investment and returning to its natural form of wealth preservation around the world. Here’s an interesting exercise for those who have time; take your personal investment portfolio priced in your domestic currency and convert it to the various currencies that Dan has used to price gold over the years. Then compare your performance to the performance of gold and see which is better. I’m sure you will find that gold has outperformed most investments around the world in any currency. LINK…

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Gold is the "ONLY CURRENCY": Strategist

Gold is “the only currency” worth investing in as it is a good hedge against the eurozone’s fiscal troubles, said Mathew Kaleel, co-founder & portfolio manager, H3 Global Advisors.
“Gold, and every currency, is going up. It’s going up a lot more than (the) euro and sterling,” Kaleel said on CNBC Tuesday.
He believes Europe’s fiscal issues have not ended as yet, saying the International Monetary Fund’s package for Greece is “literally a band-aid solution.” LINK…

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