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For Canadians, with their weak domestic currency, gold has been
behaving just fine. It’s up 17% in C$ terms over the past two years and looks ready to rally from here.
By John Rubino (dollarcollapse.com)
Along with the currencies of most other commodity-exporting countries, the Canadian dollar has been in near-freefall lately.
Gold, meanwhile, has been sucked down with the rest of the commodities complex, falling hard since 2013 – but only in US dollars. For Canadians, with their weak domestic currency, gold has been behaving just fine. It’s up 17% in C$ terms over the past two years and looks ready to rally from here:
Protection from currency trouble is why people own it, and why in the vast majority of places it’s owners are very happy.
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The original article was written by John Rubino (dollarcollapse.com) and is presented here by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – sign up in top right corner) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]
For another article on the same topic (by Peter Schiff) go here.