What We Learned

Since 2001 Gold is up 360% against the USD, 370% the British Pound and 280% the Euro.  Against the Indian Rupee it’s made 547%, and as for the rest of the BRICS carrier bags of their paper is now required for an ounce of the real thing.  Yes, it took a drop in 2011, as it was definitely getting a bit overvalued with the fallout from the banking crisis.  But it’s now well priced and will maintain a healthy growth phase over time, as it has always done.