Gold’s 2012 Performance vs 158 Currencies
Who are we?
I come in different names, shapes and colours.
People use me as a medium of exchange.
Each year I seem to buy less and less things.
You may recognise some of my names: dollar, pounds, kroner, peso, yen, euro.
Last year for the 12th consecutive year, nearly all of us lost purchasing power to a former acquaintance, gold.
- All but a few of the 158 currencies listed below lost value to gold in 2012
It is clear from these numbers that governments worldwide continue to use inflation (money expansion) as a means to destroy your every day purchasing power.
"Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer." - Ludwig von Mises -