The Kobeissi Letter (@KobeissiLetter) “Fiat currencies are in an eternal bear market against gold: Since 1971, the US D” — TopicDigg
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Fiat currencies are in an eternal bear market against gold:
Since 1971, the US Dollar has lost -99.24% of its value against gold, the 2nd-largest decline among major currencies.
Over the same period, the British Pound has declined -99.57%.
The Euro would have lost -99.08% against gold if it had existed since 1971.
Furthermore, the Japanese Yen and Swiss Franc have dropped -98.27% and -96.07%, respectively.
Meanwhile, gold prices in US Dollar terms are up +11,119% over the same timeframe.
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