Gold’s Outlook in 2013 After Rising In All Fiat Currencies In 2012

Gold’s Outlook in 2013 After Rising In All Fiat Currencies In 2012

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Zero Hedge –

• Introduction – Gold’s Gains In All Fiat Currencies in 2012

• Much of Gold’s Gains in 2012 On 11% Price Gain in January 2012

• Japanese Yen Shows How Gold Protects From FX Devaluations

• Food Inflation Risk As Wheat and Soybeans Surge in Price

• Currency Wars and Competitive Currency Devaluations

• Gold Remains Historically and Academically Proven Safe Haven

• Conclusion – Gold in 2013

Happy New Year

 

Introduction – Gold’s Gains In All Fiat Currencies in 2012
Gold saw gains against all fiat currencies again in 2012 (see charts and tables).

Gold rose 7% in US dollars and was 4.9% higher in euro terms and 2.2% higher in sterling terms or to put it more correctly the major fiat currencies fell these amounts in 2012 against immutable gold.

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