Sweet. Now that the new world currency is about to make its appearance in society, they've decided so does a new gold index. Especially since gold is now hitting an all time high, as well. Oh, and how wonderful, they chose Kitco, the same people who set up the revenue and hedge fund index after the Brenton Woods Collapse. Can you say... coincidence, or... some ones hands are in some ones pockets...

http://in.biz.yahoo.com/091007/137/bauaxq.html

LONDON (Reuters) - Montreal-based gold dealer Kitco has launched an index tracking gold in a variety of currencies, that it says will enable investors to monitor prices independently from the U.S. dollar.

The Kitco Gold Index, launched late on Tuesday, follows the price of gold with the same basket of currencies used for the dollar index -- a mechanism that measures the U.S. unit against major currencies.

The components used for the dollar index are the Japanese yen, euro, sterling, Canadian dollar, Swedish krona and Swiss franc.

Spot gold and U.S. gold futures, both of which are priced in dollars, have gained ground in league with the U.S. currency's losses. Gold hit a record high earlier on Wednesday at $1,048.20 per ounce .

But gold priced in other currencies has seen nothing like the same sorts of gains. While the precious metal has gained almost 20 percent in dollar terms so far this year, gold priced in Australian dollars has fallen 5.6 percent .

Kitco said its index aims to determine whether the value of gold is actual, a reflection of changes in the dollar value, or a combination of both.

"When you take the dollar out of the equation, which this basket does, and you start looking at gold in the six-currency basket, you realise that this has been a dollar story," Kitco senior analyst Jon Nadler told Reuters on the sidelines of the Commodities Week Europe conference in London.

"We lose focus on real value or fair value by simply looking at the $1,000 situation."

Views: 47

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
2 hours ago
Doc Vega posted a photo
yesterday
Doc Vega posted blog posts
Wednesday
Doc Vega posted a blog post

How they Planned the Destruction of America (And Nearly Succeeded)

In 2020 The Democrats went on a major offensive. Prevent Donald Trump from taking office, continue…See More
Tuesday
Doc Vega posted blog posts
Sunday
Doc Vega posted a photo
Sunday
Sandy posted a photo
Sunday
tjdavis posted a video

It's Over. The Tool Bans Just Arrived!

First tool ban is here! A new law was just signed in New York that requires blueprint blocking technology on every CNC machine, laser cutter, lathe and 3D pr...
Sunday
tjdavis posted photos
Sunday
Doc Vega posted a blog post

Angry Old Man James Carville Warns of More to Come?

 A new type of signaling is brewing among the left and disenfranchised Democrats who have refused…See More
May 30
Doc Vega posted photos
May 29
Sandy posted photos
May 29
Sandy posted videos
May 29
Doc Vega posted blog posts
May 29
Doc Vega posted photos
May 28
tjdavis posted a video
May 28
Doc Vega commented on Doc Vega's blog post What is Consciousness and Does it Have to be In a Certain Body?
"FREEDOMROX there are a lot of conversations going on between theologians and scientists about what…"
May 28
Doc Vega commented on Doc Vega's blog post What is Consciousness and Does it Have to be In a Certain Body?
"cheeki kea Yes I believe that there are those who have a sympathetic awareness toward whales and…"
May 28
tjdavis posted photos
May 28
tjdavis favorited Doc Vega's photo
May 28

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted