Last week, we covered how rich investors tend to see the price of gold: with the "long view" in mind. Today, we see gold through another rich investor's perspective: the global one.
You see, sophisticated investors tend to look at the world through a variety of lenses. Something that seems horrible to a U.S. investor might be great for an Australian or Chinese investor. For instance, a currency crash in one country means an investor in a country with a strong currency can buy assets – or travel – on the cheap. More perspectives mean more opportunities.
Today, we look at gold from a European's perspective. Gold in terms of U.S. dollars is down more than $100 an ounce from its December high. But as you can see from today's chart, gold priced in euro terms is just a whisker away from a new bull-market high. The global trend of junk paper currencies falling and gold rising continues.
You see, sophisticated investors tend to look at the world through a variety of lenses. Something that seems horrible to a U.S. investor might be great for an Australian or Chinese investor. For instance, a currency crash in one country means an investor in a country with a strong currency can buy assets – or travel – on the cheap. More perspectives mean more opportunities.
Today, we look at gold from a European's perspective. Gold in terms of U.S. dollars is down more than $100 an ounce from its December high. But as you can see from today's chart, gold priced in euro terms is just a whisker away from a new bull-market high. The global trend of junk paper currencies falling and gold rising continues.
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