Showing posts with label SOUTH KOREAN WON. Show all posts
Showing posts with label SOUTH KOREAN WON. Show all posts

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.