Gold Priced In Global Currencies
We always look at the gold price in terms of the US dollar but what about when we consider other currencies. It turns out gold looks much stronger in those currencies where gold demand is highest, such as India, China, Russia and Turkey. Consider the chart below.
Discussion
2 Comments
Apr 10, 2014 10:48 AM
Apr 11, 2014 11:39 AM
Yep – says it all.
The people in those countries know the golden rule…and they know the time to stock up is now!