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Race to Debase - 2011 Q3 - Fiat Currencies vs Gold & Silver

Commodities / Gold and Silver 2011 Oct 04, 2011 - 03:03 AM GMT

By: GoldSilver

Commodities

Best Financial Markets Analysis ArticleWelcome back to the Worldwide Fiat Currency Race to Debase!

Rounding out the third quarter of 2011 heading to the finish line for the year, we are again tracking the performance of gold and silver bullion versus 75 different dying fiat currencies around the world.


Through the 3rd quarter of 2011 gold appears to be running away with another annual victory in value!

Thus far in 2011, gold has appreciated 17.2% versus 75 fiat currencies from around the world. 

Kenyan Schillings, South African Rands, and Turkey Lira have been the biggest losers to gold thus far in 2011, down over 42%, 38%, and 37% respectively to the yellow metal's value.

Welcome back to the Worldwide Fiat Currency Race to Debase!

Rounding out the third quarter of 2011 heading to the finish line for the year, we are again tracking the performance of gold and silver bullion versus 75 different dying fiat currencies around the world. 

Silver has had a wild ride through the first three quarters in 2011 and lately its value has stalled.

Thus far in 2011, silver has appreciated 0.55% versus 75 fiat currencies from around the world. 

Kenyan Schillings, South African Rands, and Turkey Lira have been the biggest losers to silver thus far in 2011, down 21.9%, 18.4%, and 18.0% respectively to the white metal's value.

http://goldsilver.com

Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.

© 2011 Copyright  GoldSilver - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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