Gold is better performing than other metals and the dollar

Water has flowed under the bridge since 2008: the dollar has continued to lose value. The ounce of gold was $ 1,000 in March 2016 and now $ 1243.40. Gold has done more than keeping up, it has continued to perform.

When gold was disconnected from the dollar in the early 1970s, its detractors predicted that it would not be worth more than other precious metals, and clearly less than $ 35 an ounce. And yet the opposite effect has happened since.



GOLD PERFORMED AT DOLLAR

Compared to the dollar, which has largely lost its value in thirty years, an ounce of gold at more than $ 1,000 in March 2016 is still only a third or at least half its potential for the medium and long term.

GOLD GETS ON OTHER METALS

If we make a comparison with other precious metals, here too we see something that confirms that gold is not a precious commodity like any other. Thus, for millennia, it took between 9 and 19 units of silver for a unit of gold. Value certainly just if one refers to the rarity of one in relation to the other. But today, it takes between 60 and 80 units of silver for the same unit of gold. Metal money is no longer a currency, just like gold (although ...), but it is no longer considered a safe haven. Who remembers bimetallism, the period when the value of money was based on both gold and silver?

GOLD, BEST INVESTMENT THAT THE PLATINUM

On the platinum side, it's worse. For a long time considered the most expensive metal, platinum is today at the same price as gold. Why such lack of love? Mainly used as a removal in catalytic exhaust systems, platinum is mainly linked to the activity of the automotive industry, where it finds utility as a credible removal (which is in the process of being called into question). In short, the case of platinum is even worse than silver. Platinum is a rare product, but it is not a rare commodity, but it is a rare industrial product that OEMs want to quickly replace with cheaper products and less adverse effects. Platinum clearly does not play in the same category of gold.

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