Showing posts with label brazil. Show all posts
Showing posts with label brazil. Show all posts

Tuesday, November 20, 2012

World currency - the gold price and devaluation

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World currency - the gold price and devaluation

World currency long time has not been covered by gold, a so called gold standard. Thus increasing overall inflation rates by multiplied times, because money can be printed out of nowhere.

Today (November 20th, 2012) gold price

Today one ounce of gold price is exactly 1732.9 United States Dollars. I will cover different nations with different economical situations throughout world and their currencies related to gold and USD.