Chat with us, powered by LiveChat

What Happens When You Price Gold In Euro or Yen?

dollar euro gold
Print Friendly, PDF & Email

EDITOR'S NOTE: Willem Middelkoop makes an interesting point calling attention to the price of gold in currencies other than the dollar. The dollar may be the world’s reserve currency, but it distracts us from the notion that gold’s value isn’t necessarily determined by the dollar (or the dollar alone). Gold doesn’t always move opposite the dollar. And over the course of time, the value of the dollar consistently erodes while gold’s value rises by (oddly enough) remaining steady. Since hardly anyone in the US measures gold by any other currency than the dollar, here’s a quick summary: year to date, gold is down -0.72% in dollars, up by 8% in euros, and up over 17% in yen. By the looks of current economic conditions in the US, it’s highly likely that the price of gold against the dollar may soon follow.

Originally published on Twitter by Willem Middlekoop.

No Investment Advice

GSI Exchange is a publisher and precious metals retailer. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security. You understand that the GSI Exchange receives neither monetary or securities compensation for our services. GSI stands to benefit from the sell of retail cost precious metals on this site. To avoid hidden costs all prices are listed live 24/7 on this site. Read the full disclaimer

2022 Info Kit



Precious Metals and Currency Data Powered by nFusion Solutions