Author Topic: The pound has fallen in value over 82% against Gold since 2001  (Read 5640 times)

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The Prophet

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The pound has fallen in value over 82% against Gold since 2001
« on: February 01, 2013, 12:09:25 pm »
When growth is difficult to achieve governments look to ways to weaken currency.
A weaker currency makes our exports cheaper for foreign buyers.
Lately Quantitative Easing (QE) or money printing is the main preferred method used to devalue a currency.
Most nations are on a "race to the bottom" with 38 countries adopting zero or near zero interest rate policies.

The only way to ensure the buying power of your wealth is preserved and not debased by money printing policies is to hold Gold.
Since 2001, the British Pound has fallen in value against gold by over 82%.
The US dollar has fallen by 84%, the Japanese Yen by 79% and even the Swiss Franc is down over 72% against gold since 2001.

Because supply is limited by scarcity, gold cannot be devalued by governments and will always hold its value in real terms.