Gold Bullion – Near Highs In Currencies Globally

Gold has risen to near record highs in many currencies internationally. Bullion is again acting as a safe haven for people throughout the world whose currencies are devaluing and for those who are fleeing instability, terrorism and war.

Gold is not reaching record highs per se, rather these paper currencies are losing their value or are being devalued.  People throughout the world who own safe haven gold are, again, protecting their purchasing power.

Yet you would not know this looking at the many negative headlines and sentiment surrounding gold. Our Western-centric views lead to a simplistic focus on gold solely in dollars, euros and pounds. For most of humanity, gold’s price in dollars is irrelevant. What is relevant is gold in their local currency terms.

The gold charts from Nick Laird’s excellent www.sharelynx.com clearly show this important and little known fact.

People in all continents of the world are being protected by owning gold. People in the Ukraine in Europe, in Syria in the Middle East, in South Africa in Africa and indeed, in Brazil and Argentina in South America are all seeing their currencies devalue rapidly as competitive currency devaluations and currency wars intensify.

Read more on the GoldCore blog

IMPORTANT NEWS
Gold holds near 1-month low ahead of Fed meeting – Reuters
Gold Holds Above One-Month Low as Investors Wait for Fed’s Move – Bloomberg
Gold Bulls Can’t Shake Fed Woes as $2.6 Billion Wiped From ETPs – Bloomberg
Gold scores gain to start week ahead of Fed rate decision – MarketWatch
Platinum Falls to 1-Month Low as Silver Drops on China Concerns – Bloomberg

IMPORTANT COMMENTARY
“It’s Virtually Impossible to Get Physical Gold in London” – Bloomberg TV
Want a Gold IRA? Here Are 3 Ways to Get It – The Motley Fool
Financial Meltdown and the Confiscation of Bank Savings: The UK-EU Bank Depositor “Bail-In” Scheme – GlobalResearch
Goldman Sachs – Perpetrator Of The Fed’s Jihad Against Savers – David Stockman’s Contra Corner
The Coming Silver Shortage – 24 Hour Gold

Read more News & Commentary on GoldCore.com

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