GBP is still scraping along the bottom of the chart, and hasn't really changed much in the last two years: 
The EURocrats are playing the same game as the British government but there appears to be some way to go yet (another few per cent down?):
The only major currency which looks possible a bit toppy is AUD:
Usual rules apply: the charts from 1990 to date, except AUD which starts a couple of years later and you can click to enlarge.
A grim document
11 hours ago
3 comments:
Have you tried overlaying Gold and oil onto those?
L, no, because that's not as interesting.
Currencies are clearly a zero sum game and in the long run all seem to revert back to the mean. Even the best/worst performing currencies don't seem to have gained/lost more than 20% - 25% (relative to other currencies) over that twenty year period.
MW. All currencies trend to zero value. Or at least all paper currencies do. And you'd expect them to trend down together vis a vis gold, which they have. And yes they do move against each other in a regular sort of range, maybe 20%, who cares.
I personally think the gold comparison is interesting since it reveals to everyone just how the shuysters in the central banks are stiffing us.
Please note, I am not a gold bug at all. I think Hayeks (?) notion of competing token currencies is probably just as workable.
Post a Comment