{"id":66019,"date":"2015-01-05T11:35:29","date_gmt":"2015-01-05T16:35:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=66019"},"modified":"2015-01-05T11:35:29","modified_gmt":"2015-01-05T16:35:29","slug":"gold-was-up-73-last-year","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/01\/gold-was-up-73-last-year\/","title":{"rendered":"Gold Was Up 73% Last Year!"},"content":{"rendered":"<div id=\"inves-2257288441\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 5, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><h4>There are lessons for us all in the way gold helped savvy Russians mitigate the crisis in their economy and currency last year.<\/h4>\n<h4><span style=\"font-size: small;\">By Jeff Clark, Senior Precious Metals Analyst<\/span><\/h4>\n<p>Dmitry sipped his coffee drink at his favorite caf\u00e9 in Moscow, flipping through the newspaper in front of him. It was full of bad news: currency troubles, ongoing sanctions from the West, rising inflation, and more.<iframe loading=\"lazy\" src=\"http:\/\/trk.caseyresearch.com\/f\/?content_id=1128&amp;code=PIP&amp;editorial=gold-was-up-73-last-year-1\" width=\"1\" height=\"1\" frameborder=\"0\"><\/iframe><\/p>\n<p>But he ignored all that. He turned to the investment section and began to scan the page, looking for the latest price of one specific investment. He went past the headline that screamed Russia\u2019s inflation rate was up to 11.4% last year, as well as the article detailing the ruble\u2019s debilitating 46.5% fall. He knew all those things and had experienced them firsthand.<\/p>\n<p>He went directly to the page that quoted the price of gold in rubles.<\/p>\n<p>And there it was. And this time, it wasn\u2019t just a short price quote, but a full article on the topic of gold, starting with a headline that warmed his heart.<\/p>\n<p align=\"center\"><strong>\u201cGold Price in Rubles Rises 73% in 2014\u201d<\/strong><\/p>\n<p>The article detailed how gold had soared last year due to the depreciation of the ruble. What especially pleased him was that gold rose more than the ruble fell. It also outpaced the rise in inflation.<\/p><div id=\"inves-2844745323\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The article included a chart of the last six weeks\u2019 price movement, during which the ruble had taken an especially ugly drop.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"max-width: 600px; width: 100%; height: auto;\" src=\"http:\/\/d1w116sruyx1mf.cloudfront.net\/ee-assets\/channels\/article_default\/GoldPriceinRublesGoesThroughtheRoof.png\" alt=\"\" width=\"600\" \/><\/p>\n<p>Dmitry wasn\u2019t surprised to read that it wasn\u2019t just the gold price in rubles that was up last year\u2026<\/p>\n<p style=\"margin-left: .25in;\"><strong>The price of gold rose against ALL currencies in 2014\u2014except the US dollar. Yes, gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won.<\/strong><\/p>\n<p>Even more interesting was that gold outperformed most stock markets around the world\u2026<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"max-width: 600px; width: 100%; height: auto;\" src=\"http:\/\/d1w116sruyx1mf.cloudfront.net\/ee-assets\/channels\/article_default\/GoldOutperformedStocksExceptinUSandCanadain2014.png\" alt=\"\" width=\"600\" \/><\/p>\n<p>Most investors outside North America not only saw their currency lose value but also lost money in their stock market. His fellow Russians were hit especially hard. Whoever owned gold, though, had avoided these debilitating losses and was actually sitting on a profit.<\/p>\n<p>The article concluded by congratulating those with the foresight to buy gold, which, unfortunately, didn\u2019t include many of his fellow citizens\u2014but it did include him.<\/p>\n<p>Dmitry has every right to feel pleased with himself. While inflation raged all around him, the currency fell through the floor, and global crises remained escalated, his investment in gold had done exactly what it was supposed to do: protect him against currency and monetary calamity. <strong>In fact, he\u2019d gained more with gold than he lost in ruble purchasing power.<\/strong><\/p>\n<p>He\u2019d read warnings that this could happen\u2014warnings others had dismissed as the ravings of loony gold bugs. He had been skeptical, frankly, and it hadn\u2019t happened exactly as he thought it would, but now he sure was glad he\u2019d decided to play it safe and bought some gold as insurance.<\/p>\n<p>He wondered what those in North America thought about this phenomenon\u2026 Did they see the writing on the global economic wall\u2014or did they imagine they were immune because their stock market had risen so much while gold remained weak in their currency? Did they really believe their central bankers were wizards endowed with supernatural powers others lacked? Didn\u2019t they remember Ben Bernanke insisting in 2007 and 2008 that there was no crisis and that everything was under control?<\/p>\n<p>It seemed to Dmitry that many of them were kidding themselves, because he knew that at some point, the very thing that happened to inflation rates and currency values in his country could happen to theirs. And how gold would respond\u2014as he now knew firsthand.<\/p>\n<p>Like him, sensible Americans who bought gold while it was on sale wouldn\u2019t know the timing but would be prepared for the inevitable outcome of the currency-destroying policies their central bank had adopted, just like all the others. He hoped they saw it coming and envied their chance to take advantage of relatively low prices.<\/p>\n<p>Dmitry could hardly wait for tomorrow, the day the January <em><a href=\"http:\/\/www.caseyresearch.com\/go\/ufcq2-2\/PIP\" target=\"_blank\">BIG GOLD<\/a><\/em> would be released. And it wouldn\u2019t be just any issue, but a 50-page blockbuster edition that interviewed 17 experts on precious metals and included two actionable steps to kickstart 2015: a discount on international bullion storage and a new recommended stock, one that Jeff Clark described as a must-own company that came with both safety and high potential. <a href=\"http:\/\/www.caseyresearch.com\/go\/ufcb3-2\/PIP\" target=\"_blank\">He hopes his friends check it out.<\/a><\/p>\n<p>&nbsp;<\/p>\n<div id=\"xvMdV95u77zU\" style=\"clear: both;\">The article <a href=\"http:\/\/www.caseyresearch.com\/go\/ufce4-2\/PIP\" rel=\"permalink\">Gold Was Up 73% Last Year!<\/a> was originally published at <a href=\"http:\/\/www.caseyresearch.com\/go\/ufch5-2\/PIP\">caseyresearch.com<\/a>.<\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>There are lessons for us all in the way gold helped savvy Russians mitigate the crisis in their economy and currency last year. By Jeff Clark, Senior Precious Metals Analyst Dmitry sipped his coffee drink at his favorite caf\u00e9 in Moscow, flipping through the newspaper in front of him. It was full of bad news: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-66019","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/66019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=66019"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/66019\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=66019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=66019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=66019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}