Skip to main content

Is Gold the best investment ? - a critical analysis

Gold price chart in comparatively stable currencies show gold to be non volatile.

Here are some charts taken from http://goldprice.org/gold-price-history.html

Notice the consistancy in rise of gold proce over 10 years in Swiss franc (CHF) and AUD in the below charts. These two currencies have also been comparatively stable if we compare these with other currencies.

Gold price increase reflects the weakness of a currency over a period of time. Over the last 10 years, the change has been as follows:

Gold rose by about 5.5 times over the last 10 years in USD- US Dollar. 
Gold rose by about 6 times over the last 10 years in INR- Indian rupee. 
Gold rose by about 3.5 times over the last 10 years in AUD - Australian Dollar. 
Gold rose by about 3.5 times over the last 10 years in JPY-  Japanese yen. 
 Gold rose by about 5  times over the last 10 years in GBP - British pound. 
Gold rose by about 4.5  times over the last 10 years in EUR- Euro.
Gold rose by about 3  times over the last 10 years in CAD Canadian dollar. 
Gold rose by about 3  times over the last 10 years in CHF- Swiss franc. 

Comments

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may ...

Great places to eat in Lucknow

  1. Idris Hotel Located Opposite Patanala Police Station, Chowk-  Officially the best biryani in all of Lucknow . They have the softest meat and the most divine aroma when the waiter brings the biryani to you! "Idris ki Biryani" as it is popularly known.. Here Is The Man Behind Creating This Magical Biryani-the son of Idris ji Source: yummraj.com 2. Tunday Kababi Located in Naaz Cinema Road, this legendary place has the best  mutton korma with sheermal-  the gravy is so rich in flavors, you want to just take an eternity while eating every bite! Source:  www.the-south-asian.com 3. Royal Cafe Located in  51, Hazratganj- This place is famous for it's basket chat.  Aloo tikki, dahi bara, matar kulcha are some of the dishes one must certainly try and  they are hygienic as well . ( they seve gol gappas made wit mineral water) Source: coralswithblues.com 4. Kool Break Located in 17...