Friday, March 6, 2009

GOLD RALLIES IN NON USD CURRENCIES !!!!

Gold has had some 'crazy' rallies in currencies that have weakened vs the USD over the last 6 months. Its important to remember how destructive the stock market crashes have been in some of these markets; South Korea, Australia & Russia to name a few.
Gold has played its role as a true store of value!!

GOLD in the South Korean Won (KRW)











GOLD in the Australian Dollar











GOLD in the Russian Ruble

These charts are from the Global InfoMine website:

http://www.infomine.com/investment/metalschart.asp?c=gold&u=oz&submit1=Display+Chart&x=aud&r=6m

An excellent site. Commodities in different currencies and quick charts.

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