Euro Gold

The perception of currency strength in the fiat world is relative. Currency A is rising against currency B, thus, A is stronger than B. This logic, however, can be misleading if both A and B are declining relative to stable reference such gold.

The recent acceleration of the Euro price of gold illustrates how the Europeans are currently leading in the "race to the fiat bottom." Rest assured that this leadership will change frequently over the coming years as long as devaluatoin remains a politically viable option.

Euro Gold: