Saturday, October 31, 2009

Gold peaked in February 2009...

......for most of us.
Here's a little chart cooked up at the Infomine page (useful resource if you didn't know) that shows gold in US Dollars, Euros, Loonies and Brazilian Real (BRL). Clearly, gold peaked for most currencies (and therefore people around the globe) in February 2009 and has been a bad bet against their own currencies since then.

For example, somebody in Brazil would have done much better in buying a new car earlier this year than 20 ounces or so of gold that would have cost BRL48,000 in late Feb but just BRL36,000 today.

Just sayin'.