The Price Of XXXXXX
So I’ve been thinking about the rise in certain commodity prices, most notably, oil, gas and gold. Much of the financial news centers around the effect of rising energy prices on consumers, the transport and travel industries, etc. The price of gold is often used as a surrogate for inflation or currency devaluation. It occurs that to me that if you were to track the price of these commodities, in the major currencies, USD, Sterling, Euros and Yen you’ll see how a great year for gold in one country, might be a mediocre year in a different currency/country. I’m gathering the data, you’ll see it here soon.