You may think I got these numbers wrong or that the headline below is a joke, but as you’ll see, the most despised investment class of 2014—gold—really was up 73% last year… in Russia.
Before you dismiss that as irrelevant, you should read Jeff Clark’s brilliant article on the subject; it’s fun and yet fact driven and presents a perspective all investors should give serious thought to.
“Gold Price in Rubles Rises 73% in 2014”
The article detailed how gold had soared last year due to the depreciation of the ruble. What especially pleased him was that gold rose more than the ruble fell. It also outpaced the rise in inflation.
The article included a chart of the last six weeks’ price movement, during which the ruble had taken an especially ugly drop.
The price of gold rose against ALL currencies in 2014—except the US dollar. Yes, gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won.
If you agree, I encourage you to forward this edition to all your friends who should give the matter due consideration. If the worst of our economic fears do come to pass, they’ll be glad you did.
ALLOW me to observe…we are NOT a Speculative Investment…
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