GoldMoney's James Turk reports that 2008 was the eighth year in a row that gold has climbed against the US dollar. Since 2001, when the streak began, gold has appreciated an average of 16.3% per year with respect to the US dollar.
Turk also lays out gold's performance against the major currencies, where, to my surprise, we see that gold has also been appreciating at a double-digit rate, on average, against the other major currencies over this time period.
Click over to the latest GoldMoney Review for the full chart and Turk's always insightful commentary.
Most Popular Articles This Month
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
Just nine months ago, we were licking our chops at cotton's blue light price special . Cotton had been smashed from a post-Reconstructi...