Gold vs Currencies of Countries in Chaos

Published by Nick Laird | Feb 26, 2015 | Articles

Some recent high fliers in gold.

 

Gold in Argentine Pesos

 

Gold in Belarus Ruble

 

Gold in Russian Rubles

 

Gold in Syrian Pound

 

Gold in Ukraine Hryvnia

 

Some are likening Ukraine rises as hyperinflationary but compare this chart to the Zimbabwe one below.

 

Gold in Zimbabwe Dollar

 

Here's the short term view.

 

Gold in Zimbabwe Dollar


And in Log Format where you can see where gold went up from 10,000 Zimbabwe dollars up to 37 billion Zimbabwe dollars.
For a 3,700,000 fold increase.
 
Ukraine is currently an eight fold increase - far short of hyperinflation.
 

Gold in Zimbabwe Dollar

 


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Nick Laird  Chartist / Member of the Goldbroker.com Editorial Team

   

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