“Gold Is Not A Commodity, It Is A Currency”

May 16, 2011 10:43 am

Well, interesting point we spotted:

“Gold’s function as a safe store of wealth can be seen in the chart below. It shows the performance of the benchmark commodity index (blue line) versus the performance of gold (black line) over the past three months.

As you can see, commodities in general have plunged in the past few weeks. Gold – which is buoyed by central banks and Chinese and Indian buying – has held up relatively well. It’s an important development in the currency world.”

Statistics Source: Gold News

Of course we have written about the total stock of gold in the world and other gold statistics and silver statistics. We have also written about returns from gold investment and the Nixon shock.

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