When we talk about the gold price we all too often focus on it priced in US dollars, with some frequent glances to Sterling and Euro as well. This is understandable, after all these are the currencies the majority of readers buy and sell in. The US dollar price is also the one which is most universally quoted.

However this approach ends up giving us a very skewed perspective of the gold market and price behaviour.It is arguably an old fashioned approach in a very globalised world. The relationship between gold and the US dollar is one which is rooted in the Bretton Woods agreement, something which was scrapped in 1971.

Today the gold price and the gold market is international, with far more interest in physical gold being paid by the emerging markets. One just has to look at the gold buying policies of Russia and China to see this.

In the long term, gold has performed very well in dollar, sterling, euro and all fiat currencies with gains of between 7% and 12% per annum over a 15 year period. Gains in emerging market currencies have been even greater.

see charts and more: https://news.goldcore.com/us/gold-blog/gold-hits-time-highs-priced-emerging-market-currencies/