Here is an alert on the new all time high in gold when viewed in terms of the British Pound! Also, look at gold in Australian dollar terms to see how well it is doing when measured in that currency. Both of these two currencies have been crushed. Pound Sterling has dropped from 2.11 to a low of 1.74 against the US Dollar since November of last year. That is a loss of nearly 18% in value in less than a year’s time.

The Aussie has been obliterated after reaching a high of .98 against the US Dollar back in July of this year to near the .78 level. That is drop of 20% in value in two month’s time!

Does anyone wonder why gold is performing so well in those currency terms?

Don’t forget gold in Euro terms. It is a mere 20 euros from breaching an all time high. It is helpful to remember that gold is the ultimate in currencies and that it is proving this by its strong performance when viewed in relation to the currenies of various nations. It is easy to get fixated on the US Dollar price of gold as the be all and end all but that is to be too narrow in scope.

VIEW GOLD IN AUD$:- http://www.anglofareast.com/images/AUD_all_time_high.JPG

VIEW GOLD IN GBP :-  http://www.anglofareast.com/images/GBP_all_time_high.JPG

VIEW GOLD IN EUR :-  http://www.anglofareast.com/images/EUR_high.JPG

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