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<p>[QUOTE=&quot;doug444, post: 1501507, member: 38849&quot;]&quot;Right. Except that the &quot;value&quot; of those PM&#039;s is ALWAYS translated back to dollar amounts.&quot;</p><p><br /></p><p><br /></p><p>&nbsp;Umm, that&#039;s not quite right.&nbsp; Here is a website which shows you percentage increases in gold price, for any time period you choose (up to 5 years) for more than 40 worldwide currencies:</p><p><br /></p><p><a href="http://www.goldprice.org/spot-gold.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldprice.org/spot-gold.html" rel="nofollow">www.goldprice.org/spot-gold.html</a></p><p><br /></p><p>With one click, you can switch currencies and find the 5-year price range and <u>percentage change</u>, through yesterday&#039;s closing price.&nbsp; Let&#039;s look at a few:</p><p><br /></p><p>British pound - 214.33%</p><p>Euro - 169.70%</p><p>U.S. Dollar - 142.59%</p><p>Canada Dollar - 128.10%</p><p>Swiss Franc - 97.25%</p><p>Australia Dollar - 96.70%</p><p>Japanese Yen - 60.24%</p><p><br /></p><p>What does this tell you?&nbsp; It tells you that the decline in purchasing power of the U.S. Dollar is significant, compared to other currencies.&nbsp; Only the pound and Euro have fared worse.&nbsp; And as far as the price always expressed in U.S. Dollars, that&#039;s just convenience for U.S. investors; in the various foreign countries, the price is expressed daily in their own currencies, not ours.</p><p><br /></p><p>Do not attempt to link these percentages with the CPI; that doesn&#039;t compute, it&#039;s apples and oranges.&nbsp; Five years ago, would you have been better off to convert your dollars into yen, buy your gold, and then sell it today (for yen), only 60.24% higher?&nbsp; A Japanese investor might say YES, but the lifestyles, spending patterns, and demographics are much different in deflationary Japan, and similarly, for every pair of countries you might choose.</p><p><br /></p><p>Just consider these to be &quot;index&quot; numbers (like our CPI, of course), and gold outperformed the local currency in every country.&nbsp; In &quot;some&quot; more than &quot;others,&quot; you ask?&nbsp; <b>No.</b>&nbsp; Gold is fungible, except where there are currency controls; over five years, it &quot;should&quot; have gone up <u>an identical percentage</u> in every country.&nbsp; <u>It didn&#039;t</u>, due to weakening currencies.&nbsp; Like the dollar.[/QUOTE]</p><p><br /></p>

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