Goldcore Bullion and Wealth Management Company
Jan 3, 2012
Happy New Year.
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.
The gains were the smallest annual gains since 2008 but built on the steady gains of the last 12 years.
Silver also had a stellar year with all fiat currencies falling against silver in 2012. Silver was 8% higher in US dollar terms and 6.6% in euro terms, 3.9% in sterling pound terms and by 22.6% in Japanese yen terms.
Platinum and palladium also saw gains and returned 9% and 7.5% respectively.
Global shares rallied in 2012 with the help of central banks flooding the world with money and a tentative global economic recovery.
This article was posted: Thursday, January 3, 2013 at 10:47 am