Race to Debase – Q3 Fiat Currencies vs. PMs

Welcome back to the Worldwide Fiat Currency Race to Debase.

Gold has recently touched new all time highs in terms of euros, Swiss francs, and Brazilian real.

Below you will find a report on 75 different fiat currencies vs. gold and silver from around the globe.  

Note how they haveall lost value to gold and silver thus far in 2012.

With recent announcements of even further central bank monetary easing policies (QE3, Japan, Brazil, etc.) we fully expect the current gold bull market and silver bull market revaluation trend to not only continue, but to quicken moving forward. 

Be sure to also click here and see how fiat currencies have performed against gold and silver over the last 12+ years.

Base Currency vs. 1 Gold Ounce 

1-Jan-12

30-Sep-12

% Gold +/- 2012 Q3

Afghanistan Afghanis 

75,531

89,681

18.7%

Albania Leke 

168,101

192,130

14.3%

Algeria Dinars 

117,439

140,418

19.6%

Argentina Pesos 

6,725

8,324

23.8%

Australia Dollars 

1,531

1,708

11.6%

Bahamas Dollars 

1,563

1,773

13.5%

Bahrain Dinars 

589

669

13.5%

Bangladesh Taka 

127,834

144,798

13.3%

Barbados Dollars 

3,126

3,547

13.5%

Bermuda Dollars 

1,563

1,773

13.5%

Brazil Reais 

2,911

3,592

23.4%

Bulgaria Leva 

2,362

2,691

13.9%

CFA BEAC Francs 

791,233

904,853

14.4%

Canada Dollars 

1,597

1,744

9.2%

Chile Pesos 

811,978

840,821

3.6%

China Yuan Renminbi 

9,839

11,147

13.3%

Colombia Pesos 

3,029,385

3,192,957

5.4%

CFP Franc 

143,941

164,611

14.4%

 

 

 

 

Base Currency vs 1 Gold Ounce 

1-Jan-12

30-Sep-12

% Gold +/- 2012 Q3

Costa Rica Colones 

788,922

873,382

10.7%

Croatia Kuna 

9,094

10,259

12.8%

Czech Republic Koruna 

30,882

34,666

12.3%

Denmark Kroner 

8,960

10,284

14.8%

Dominican Republic Pesos 

60,181

69,694

15.8%

East Caribbean Dollars 

4,221

4,788

13.5%

Egypt Pounds 

9,424

10,813

14.7%

Euro 

1,206

1,379

14.4%

Fiji Dollars 

2,846

3,141

10.4%

Hong Kong Dollars 

12,143

13,751

13.2%

Hungary Forint 

379,759

393,615

3.6%

IMF Special Drawing Rights 

1,018

1,153

13.2%

Iceland Kronur 

191,361

219,299

14.6%

India Rupees 

82,941

93,721

13.0%

Indonesia Rupiahs 

14,177,770

16,962,571

19.6%

Iran Rials 

17,390,044

21,751,503

25.1%

Iraq Dinars 

1,828,104

2,066,011

13.0%

Israel New Shekels 

5,970

6,951

16.4%

Jamaica Dollars 

133,727

158,395

18.4%


 

 

 

 


Base Currency vs 1 Gold Ounce 

1-Jan-12

30-Sep-12

% Gold +/- 2012 Q3

Japan Yen 

120,542

138,299

14.7%

Jordan Dinars 

1,109

1,252

12.9%

Kenya Shillings 

132,790

151,182

13.9%

Kuwait Dinars 

435

498

14.4%

Lebanon Pounds 

2,350,978

2,663,647

13.3%

Malaysia Ringgits 

4,954

5,425

9.5%

Mauritius Rupees 

45,175

54,159

19.9%

Mexico Pesos 

21,802

22,813

4.6%

Morocco Dirhams 

13,404

15,254

13.8%

New Zealand Dollars 

2,010

2,137

6.3%

Norway Kroner 

9,345

10,156

8.7%

Oman Rials 

602

681

13.2%

Pakistan Rupees 

140,605

168,273

19.7%

Peru Nuevos Soles 

4,215

4,607

9.3%

Philippines Pesos 

68,466

74,039

8.1%

Poland Zloty 

5,374

5,681

5.7%

Qatar Riyals 

5,692

6,457

13.4%

Romania New Lei 

5,210

6,264

20.2%

Russia Rubles 

50,021

55,332

10.6%

 

 

 

 

Base Currency vs 1 Gold Ounce 

1-Jan-12

30-Sep-12

% Gold +/- 2012 Q3

Saudi Arabia Riyals 

5,862

6,648

13.4%

Singapore Dollars 

2,027

2,177

7.4%

South Africa Rand 

12,630

14,739

16.7%

South Korea Won 

1,810,284

1,970,780

8.9%

Sri Lanka Rupees 

180,278

229,522

27.3%

Sudan Pounds 

4,176

7,826

87.4%

Sweden Kronor 

10,794

11,644

7.9%

Switzerland Francs 

1,467

1,666

13.6%

Taiwan New Dollars 

47,324

51,938

9.7%

Thailand Baht 

49,310

54,674

10.9%

Trinidad and Tobago Dollars 

9,926

11,390

14.8%

Tunisia Dinars 

2,339

2,790

19.3%

Turkey Lira 

2,957

3,187

7.8%

United Arab Emirates Dirhams 

5,742

6,514

13.4%

United Kingdom Pounds 

1,007

1,097

9.0%

United States Dollars 

1,563

1,773

13.5%

Venezuela Bolivares Fuertes 

6,722

7,626

13.5%

Vietnam Dong 

32,873,044

36,999,792

12.6%

Zambia Kwacha 

7,995,512

8,918,429

11.5%

About the Author
Michael Maloney

Michael Maloney

Michael Maloney is a serial entrepreneur, investment advisor and monetary historian who is the author of the Rich Dad's Advisors: Guide to Investing in Gold and Silver and founded GoldSilver.com.

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