Gold: from standard to measuring stick

James Turk publishes GoldMoney alerts. His latest one compares gold with 23 world currencies to quantify the loss of purchasing power since 2000.

The Swiss franc lost least with 10.1%, the Euro 10.8%, the US dollar 14.9% and  the UK pound lost 15.1%.

Conclusion: taking away the gold standard was a way of democratising the market for gold. But it still remains the most stable currency and is thus a suitable measuring stick.

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