January 2015

Gold Up Almost Everywhere in 2014

When looking at prices of anything from cars to oil to gold or stocks… we need to keep in mind our personal frame of reference. We see prices as they are priced in our currency i.e. the currency that we earn in. International companies are especially aware of this as their income can be in one currency while their expenses are in another.

Using a U.S. centric frame of reference we might think that gold didn’t perform very well in 2014 but people from the rest of the world would disagree. Today, Jeff Clark, Senior Precious Metals Analyst for Casey Research looks at the effects of currencies on the price of gold. ~Tim McMahon, editor.

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